ISLAMABAD – The Economic Coordination Committee (ECC) of the Cabinet Fridaygiven go-ahead to the Privatisation Commission (PC) to fast-track theprivatisation of National Power Parks Management Company (NPPMCL).
While the issues related to review and adjustment of risk allocation underthe Power Purchase Agreement would be considered again in the next ECCmeeting for a final decision, said a press release issued here.
The instructions were passed during a meeting of ECC held at the Q Blockwith Adviser to the Prime Minister (PM) on Finance and Revenue Dr. AbdulHafeez Shaikh in the chair.In the meeting, the ECC noted that change in the percentage of gas supplyto these plants managed by the NPPMC would not affect the privatisation ofthe company as the capacity payments of both the plants were ensured underthe PPA. Therefore, the ECC decided that Privatisation Commission should goahead with its transaction.
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The ECC further observed that the reallocation of gas to other sectorscould be considered in the next meeting wherein a detailed proposal in thisregard would be presented by the Privatisation Commission.
