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The committee directed KESC to send comprehensive answer of the breach of privilege.
How many employees were sacked from KESC and how much payment is made so far?
The report alleged that all agreements signed with Al Jomaiah group, the original buyers of the KESC, were illegal.
KESC was founded on September 13, 1913 to meet the power requirements of Karachi which was then a small port town.
While revealing the relevant fiscal and power receiving data, KESC made it clear that there had been no dispute of payment with NTDC as wrongly claimed by the Minister.
KESC was assured of 276 million cubic feet gas a day but actual supplies have never exceeded 130 MMCFD, less than half the promised volume.
KESC Kicks Off Implementation on 560MW New Generation Plant For Karachi
KESC was put on the chopping block and the usual motley crowd of investors grabbed it at a price that may be called "peanuts".
The Secretary Water and Power Younis Dhaga told committee that the KESC received Rs250 billion from the federal government in term of subsidies and it never paid heed to the government's orders whenever it was asked for audit.
Khawaja Asif said that the KESC was privatized during Musharraf era while agreement was re-negotiated in the regime of Pakistan People Party (PPP).
The KESC denied the accusations made by Abid Sher Ali and said that it seems the minister has not been briefed properly.
KESC is one of the handful of companies in the emerging markets whose Integrated Sustainability Report was recently assigned a Level 'A' Rating by the international Global Reporting Initiative (GRI).
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