Finance Minister chairs meeting to discuss modalities for 1000 MW power projects

Islamabad, November 26, 2015 (PPI-OT): Finance Minister, Senator Mohammad Ishaq Dar here on Thursday chaired a meeting to discuss modalities and arrangements for another set of power projects in different areas of the country totalling 1000 MW. Federal Minister for Water and Power, Khawaja Mohammad Asif and Federal Minister for Petroleum and Natural Resources, Mr. Shahid Khaqan Abbasi were present.

The meeting considered different modes for undertaking these projects and directed officials concerned to put up a proposal for consideration and subsequently putting in place the mechanism for implementation of the projects in the private sector. The Finance Minister said that the government was considering these projects in a bid to further augment the 10,000 plus MW generation programme for bridging the gap in electricity demand and supply by December 2017.

The meeting emphasized that the proposal for the 1000 MW projects should guarantee complete transparency and minimum possible tariff. The meeting resolved that these projects are to be undertaken on fast track basis and should be up and ready by April 2017. Secretary to the Prime Minister, Fawad Hasan Fawad, Secretary Finance Dr. Waqar Masood Khan and other senior officials of the Ministries of Finance, Water and Power, P and NR, PPIB and NTDC attended the meeting.

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