Inordinate delays in the release of Nandipur Power Plant’s equipment from Karachi Port by the federal government has caused a loss of Rs113 billion to the national exchequer during the last two years, according to Pakistan Muslim League-N Central Leader Khawaja Muhammad Asif. He said the cargo had been lying unattended at Karachi Port, where it has started rusting up till now, which was a point of grave concern. Asif was speaking here at the Sialkot Chamber of Commerce and Industry on Thursday.
He said that $80 million were needed to get the said equipment, meant for a power project, released from the Karachi Port. He claimed the federal government does not have sufficient funds, and was trying to secure the amount from different banks in the country.
He revealed that the cost of establishing the Nandipur Power Project has risen to $730 million from its actual cost of $329 million, due to delays in the launching of the project.
Published in The Express Tribune, July 20th, 2012.
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