The managing director of the Central Power Purchase Agency (CPPA) — an umbrella organisation of all power generation, transmission and distribution companies — tendered his resignation late on Wednesday amid a raging controversy over LNG supply and payment mechanism.
Mohammad Amjad, the highest corporate official in the power system, is the third major energy sector figure to quit over the past three weeks as the government struggles to put in place a seamless system for the import, transport, sale and financing for liquefied natural gas (LNG).
Although Amjad is reported to have submitted his resignation citing personal reasons, sources close to him said he was under great pressure from three sides to sign three different agreements, which he felt were not in the interests of his organisation which is responsible for all electricity purchases from various public and private power companies and its subsequent sale to distribution companies.
