ISLAMABAD: Federal Finance Minister Shaukat Tarin on Tuesday reviewed progress made on the privatisation of National Power Parks Management Company Limited (NPPMCL) for taking the transaction to the final stage.

An official said the Finance Ministry was optimistic about the early completion of two RLNG-based power plants – Balloki and Haveli Power Plant – being managed by the NPPMCL.

The finance minister held two meetings on the matter during the last five days with the first one on May 28, of the Sub-Committee of the Cabinet Committee on Privatisation (CCoP) through a video link.

The meeting reviewed progress on the NPPMCL regarding important decisions taken at the level of the CCoE, the CCoP, and the ECC.

The finance minister was briefed that the significant development has been made on the matters to be decided among the different government entities, ministries, and provincial governments.

The meeting decided that another meeting would be held in the next few days for sharing progress on the respective tasks assigned to them to take the transaction to its final phase.

On Tuesday, all the participants attending the meeting, shared their input on various issues related to the transaction, and briefed the finance minister on the progress achieved since the last meeting on the subject.

Tarin assured the Privatisation Commission and other stakeholders of his full support in resolving issues related to the transaction and expressed resolve to complete the transaction at the earliest possible time. Federal Minister for Privatisation Muhammad Mian Soomro, Federal Minister for Energy Muhammad Hammad Azhar, Adviser to the PM on Institutional Reforms and Austerity Dr Ishrat Hussain, SAPM on Power Tabish Gauhar, SAPM on Finance and Revenue Dr Waqar Masood, and secretaries of finance, power, petroleum, and privatisation also participated the meeting.

Copyright Business Recorder, 2021