ISLAMABAD - Ministry of Water and Power has decided in principle to file a review petition in the Supreme Court against its decision declaring Rental Power Projects (RPPs) as null and void, sources said on Saturday.

Sources privy to the development informed TheNation that this review petition will be filed in the apex court by the Power Ministry, Private Power Infrastructure Board, the Pakistan Electric Power Company (Private) Limited (Pepco) and power generation companies (Gencos) till 21st April. The legal team of the ministry has completed its consultation process regarding SC verdict on RPPs. They said six points would be raised in the petition.

The petitioners will take plea in the apex court that there were no violation of public procurement rules as international competitive bidding was done in this regard. Further, the offer of seven per cent advance payment was not part of the agreements made with rental power projects.  However, approval of 7-14 per cent advance payment was given by the concerned forum, sources said.

“There are also some confusions in the decision of the honourable court,” sources said, adding, that investment in power sector would be affected badly due to the SC decision and hefty payments would be paid in case of cancellation of the agreements.