BR100 No Change (0%)
BR30 Decreased By (-0.13%)
KSE100 Increased By (1.1%)
KSE30 Increased By (1.11%)
AGHA 7.85 Increased By ▲ 0.10 (1.29%)
BECO 5.22 Increased By ▲ 0.03 (0.58%)
BML 58.72 Increased By ▲ 0.06 (0.1%)
BOP 34.27 Increased By ▲ 0.58 (1.72%)
CNERGY 10.94 Increased By ▲ 0.33 (3.11%)
CSIL 5.40 Increased By ▲ 0.10 (1.89%)
FCCL 54.60 Increased By ▲ 0.86 (1.6%)
FFL 16.60 Increased By ▲ 0.14 (0.85%)
FNEL 1.23 Increased By ▲ 0.01 (0.82%)
KEL 7.43 Increased By ▲ 0.15 (2.06%)
KOSM 5.73 Increased By ▲ 0.09 (1.6%)
LOTCHEM 29.78 Increased By ▲ 0.13 (0.44%)
MLCF 97.56 Increased By ▲ 1.20 (1.25%)
NBP 206.50 Increased By ▲ 2.97 (1.46%)
NCPL 57.90 Increased By ▲ 1.05 (1.85%)
NPL 68.20 Increased By ▲ 0.89 (1.32%)
OGDC 320.10 Increased By ▲ 1.88 (0.59%)
PACE 10.85 Increased By ▲ 0.22 (2.07%)
PAEL 42.50 Increased By ▲ 0.73 (1.75%)
PIBTL 16.99 Increased By ▲ 0.18 (1.07%)
PPL 223.35 Increased By ▲ 3.18 (1.44%)
PRL 52.10 Increased By ▲ 3.05 (6.22%)
PTC 70.99 Increased By ▲ 0.98 (1.4%)
SSGC 29.65 Increased By ▲ 0.51 (1.75%)
TBL 9.94 Increased By ▲ 0.17 (1.74%)
TELE 8.95 Increased By ▲ 0.13 (1.47%)
TPL 17.35 Increased By ▲ 0.18 (1.05%)
TPLP 12.80 Increased By ▲ 0.29 (2.32%)
TREET 22.98 Increased By ▲ 0.39 (1.73%)
TRG 60.80 Increased By ▲ 0.58 (0.96%)

ISLAMABAD: The World Bank (WB) Pakistan has termed contract of 765-Kv Dasu Transmission Line Project transparent and in accordance with its procurement regulations.

In response to the recent media coverage regarding the contract under the Dasu-Mansehra-Islamabad transmission line project, the World Bank has clarified that the contracts for the 765 KV transmission lines have been procured, following the World Bank Procurement Regulations, as stipulated in the Legal Agreement signed between the World Bank and the Government of Pakistan. These contracts were awarded to the bidders that offered the lowest price.

According to the Bank, it shared the no-objections based on the information shared by the National Transmission and Despatch Company to allow them to proceed with the recommended pre-qualifications and awards.

$700m Dasu transmission line: Senate panel smells a rat in NTDC’s contract process

All formal complaints were handled during the bidding process. Before the contract was awarded, there was a period for resolving procurement-related complaints, which gave other bidders the opportunity to voice any concerns.

Based on the information provided, matters raised by inquiries cited in the media provided no new additional information.

The World Bank strongly objects to the allegations recently cited in the media and considers them baseless.

On Thursday, Senate Standing Committee on Power accused Country Director World Bank, Najy Benhassine, Secretary Power, and Rashid Mahmood Langrial of conniving with NTDC in award of a dubious contract to the German firm M/s GOPA Intec.

Copyright Business Recorder, 2023

Comments

Comments are closed for this article.