Energy sector entities’ sell-off: Inter-ministerial moot discusses steps to resolve issues

ISLAMABAD: Federal Minister for Privatisation, Mohammedmian Soomro Thursday chaired an inter-ministerial meeting to discuss and resolve the issues regarding privatisation of energy sector entities.

SAPM on Power and Petroleum Tabish Gohar, Federal Secretary Privatisation Hasan Nasir Jamy and other seniors of the ministry attended the meeting.

The CEO NPPMCL Dhanpat Kotak and financial advisor participated via video link. Various issues relating to the privatisation of National Power Parks

Management Company Ltd (NPPMCL), Nandipur and Guddu Power Plants, Divestment of shares of Pakistan Petroleum Limited (PPL), and Mari Petroleum Company Limited were discussed.

It was decided that all technical, legal, and other issues relating to the energy sector entities will be resolved with the corporation of all stakeholders expeditiously.

All participants/parties also agreed to constitute an inter-ministerial committee to resolve the main issues between the concerned ministries/divisions.

Mohammedmian Soomro said that we are taking all necessary steps for facilitating the national and international investors for successful privatisation of NPPMCL, Nandipur, Guddu and other energy sector entities.

He also added that the privatisation of Nandipur Power Plant and the NPPMCL is at an advance stage.

Another meeting on revival of Pakistan Steel Mills was also chaired by federal minister/chairman Privatisation Commission.

Secretary Privatisation, Secretary Industries, Additional Secretary Industries, and officers Privatisation attended the meeting. Chairman Port Qasim Authority and representative of the PSM participated via video link.

Weekly progress report regarding revival plan of the PSM was presented in the meeting. It was also briefed that the issues of the PSM are being resolved by all departments actively.

Soomro said that revival of the PSM will be a great achievement of the government.

Copyright Business Recorder, 2021