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Body overseeing IPP contracts revamped

ISLAMABAD: The government has reconstituted a high-level committee for the implementation of memorandums of understanding (MoUs) signed with independent power producers (IPPs) at the earliest.

According to a notification issued by the power division, Adviser to the Prime Minister on Finance and Revenue Dr. Abdul Hafeez Shaikh has replaced Energy Minister Omar Ayub Khan as head of the committee while Tabish Gauhar has replaced Shahzad Qasim. All other members of the committee remain unchanged.

The notification has been issued on the basis of a decision taken by the federal cabinet on Sept 29. Informed sources said some participants of the cabinet meeting had reservations over the energy minister leading the committee.

The notification said the committee had been reconstituted to take further actions on the implementation of negotiation outcomes with the IPPs.

The new committee, headed by Dr. Shaikh, comprises Special Assistant to the Prime Minister on Power Tabish Gauhar, Federal Land Commission Chairman Babar Yaqoob Fateh Mohammad, who led the negotiations with the IPPs, the secretaries of power and finance and Barrister Qasim Wadud and the chief executive of the Central Power Purchasing Agency Guarantee Ltd.

Report by: The Truth International

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