In compliance with Supreme Court orders, the Reshma Rental Generation Company Limited returned Rs 4.5 billion to the national exchequer on Friday, which it had taken as mobilisation advance over two years ago for the installation of a rental power plant that it failed to install or operationalise.
According to a report submitted to the apex court on Friday by the finance director of the Pakistan Electric Power Company (PEPCO), the company had deposited Rs 4.576 billion in compliance with court orders but did not pay the markup on the sum for two years. A two-member Supreme Court bench headed by Chief Justice Iftikhar Muhammad Chaudhry had ordered the company on Thursday to return the mobilisation advance within a day with markup or face legal consequences.
