ECC directs to complete process of privatization of NPPMC on accelerated basis

MG News | November 08, 2019 at 05:04 PM GMT+05:00

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November 8, 2019: Economic Coordination Committee (ECC) has directed to complete the process of privatization of National Power Parks Management Company (NPPMC) on accelerated basis.

Meeting of the ECC was held in Islamabad on Friday with Adviser to Prime Minister on Finance Dr. Abdul Hafeez Shaikh in the chair.

The meeting considered various proposals and options for complete or partial use of gas imported from Qatar till 2025 in gas power plants managed by National Power Parks Management Company. It also took into consideration the use of additional gas in other sectors of the economy.

The meeting decided that fluctuations in quantity of gas imported from Qatar will not affect the process of privatization of the company.

The power plants of National Power Parks Management Company will enjoy guarantee of agreed capacity payment by 2025 under the electricity selling agreement in order to maintain the production capacity.

The meeting decided that use of imported gas in other sectors of the economy apart from power plants will be discussed in detail in next meeting of the ECC.

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