Dar chairs meeting to discuss modalities for 1000 MW power projects

339

ISLAMABAD, Nov 26 (APP):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 totaling 1000 MW.
Federal Minister for Water and Power, Khawaja Mohammad Asif and Federal Minister for Petroleum and Natural Resources, Shahid Khaqan Abbasi were present, said a statement issued by Ministery of Finance. 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 megawatt 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&NR, PPIB and
NTDC attended the meeting.