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ADB seeks legal status for PPIB

ISLAMABAD: Government has decided to accord constitutional status to Private Power Infrastructure Board (PPIB) on the demand from Asian Development Bank (ADB) and other donor agencies to meet the growing demand of energy and fetch new investment in power sector. PPIB sources told it would be given the status of a constitutional and autonomous institution to attract new investment in power sector and alleviate the apprehensions of donors.
This institute will play a vital role in striking deals in power sector and resolving the disputes. It will be the responsibility of the board to initiate all projects,  manage and monitor them.
Sources told the board would be restructured and minister for water and power would be the chairman of this 15-member board.
Its members will include secretary water and power, secretary finance, secretary petroleum, secretary planning, secretary environment, chairman Wapda, chairman FBR, MD PPIB, provincial chief secretaries and two members from private sector.
Sources told following the passage of 18th amendment, every province would be authorized to install power generation project in public sector.
However every province would be able to utilise power so generated within its respective provincial limits while powers for legislation about electricity and management would rest with federal government.-Agencies


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