Cabinet may allow Dhanpat Kotak to hold additional charge of CEO, NPPMCL
Staff Report
ISLAMABAD:
Federal cabinet scheduled to meet on Tuesday is likely to take up 14 agenda items including reconsideration of appointment of Chief Executive Officer (CEO) of National Power Parks Management Company (private) Limited (NPMCL).
According to sources, Power Division, in a summary, has solicited federal cabinet’s approval regarding reconsideration of appointment of CEO, NPPMCL. The power division has asked the cabinet to reconsider its earlier decision regarding the appointment of CEO of NPPMCL and allow Dhanpat Kotak, Project Director, Haveli Bahadur Shah to continue to hold additional charge of CEO, NPPMCL as stop gap arrangement in light of the recommendation of Board of Directos (BoD) of NPPMCL.
“Minister for Energy (Power Division) has seen and authorized to submit the summary to the cabinet,” said a summary of power division.
Earlier, federal cabinet had on 5th November, 2019gave its concurrence for appointment of Syed Ali Javed Hamdani as Chief Executive Officer (CEO) of NPPMCL and the same was communicated to National Power Parks Management Company.
NPPMCL board of directors (BoD) approached Power Division seeking the guidance of Privatization Commission (PC). As the BoD was of the view that in the wake of recent developments in privatization, NPPMCL would be wound-up and in such a case the fate of newly appointed CEO of NPPMCL would not be clear.
Accordingly, the power division had made a reference to the PC in this regard and the PC replied that “as the federal cabinet has already taken decision on the summary submitted by the power division, the decision is binding for compliance, in case the power division intends to reconsider the matter, summary may be submitted to the cabinet fro change of decision”.
NPPMCL has again approached power division stating that the matter was again taken up by the board of NPPMCL in its meeting dated 30th of March 2020. In the said meeting, the board, keeping in view the developments in the matter of privatization of NPPMCL including its possible demerger into two new companies where NPPMCL would possibly be wound-up, opined that this is not appropriate time to hire and engage new CEO of NPPMCL.
The privatization of both the power plants Haveli Bahadur Shah, districy Jhang and Balloki, district Kasur has been included in the active list fro privatization with approval of federal cabinet. The process of privatization is being processed by the ministry of privatization.
In light of the recommendation of BoD of NPPMCL, the cabinet may reconsider its earlier decision regarding the appointment of CEO of NPPMCL. Dhanpat Kotak, project Director, Haveli Bahadur Shah may be allowed to continue to hold additional charge of CEO, NPPMCL as stop gap arrangement.
It is pertinent to mention that the power division’s summary was circulated to finance, law & justice, privatization commission, Establishment Division while PC and Establishment Division have conveyed their No Objection Certificates (NOCs) to the proposal.
Ends…….
