CCOE okays review of agreements with 2002 IPPs

Mohammad Arshad

The Cabinet Committee on Energy (CCOE), Thursday, approved a proposal moved by the Power Division regarding the validation of process of IPPs agreement.

In this regard, the CCOE directed that the agreements with 2002 IPPs finalized by the implementation Committee be reviewed in the light of NAB advice in the M/S Nishat Chunian Power Ltd case.

CCOE met here with Federal Minister for Planning, Development and Special Initiatives Asad Umar in the chair and decided that the Implementation Committee would be revived and a representative of Law Division would be included in its composition.

The revived Implementation Committee will re-negotiate the Master Agreements with IPPs of 2002. The outcomes of re-negotiations by the implementation committee will be submitted to the CCoE.

The meeting was attended by Minister for Energy, SAPM on Power, Petroleum & Revenue. Representatives of regulatory authorities and senior officials of Ministeries/Divisions also participated in the meeting.

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