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Since 2003, SSGC approached the then KESC several times to sign a mutually agreed GSA for the gas quantities being supplied to KESC as per the allocation.
The motive Shahi Syed said that the sub committee of standing committee of Water and Power has approved the report regarding KESC which is also approved by the upper house of the parliament adding that this issue would be raised again in the session of the house.
The committee directed KESC to send comprehensive answer of the breach of privilege.
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.
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 dispatches relief consignment: The KESC's first flood relief consignment was dispatched to Thatta base camp on Thursday.
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 PAC's members unanimously decided that the finance ministry will not release payments to KESC unless it gets audit its accounts.
He said the government had only 26 percent of the KESC while private investors had the full control of it.
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