After the first meeting of board of directors of Central Power Purchasing Agency (CPPA) government instigated next phase of power sector reforms. These reforms would lead to signing of new agreements with the power generation. Distribution companies would end the administrative hick ups resulting in prolonged power crisis. First meeting of the power clearing company, CPPA, which is to replace defunct administrative body, Pakistan Electric Power Company (PEPCO), was held under the chairmanship of Secretary, Water and Power Ministry Imtiaz Kazi.
The board resolved that all pre-requisites necessary to commence business of the company need to be fulfilled to make it a fully functional organisation. It constituted two sub-committees to address matters concerning technical and human resource of the company. Guarantee limited company, CPPA is created to deal with core functions of transaction of sale and purchase between power generation and distribution companies in accordance with NEPRA rules. An official source said initially the company will be finalising its structure, staff requirements after which it will be signing new sale and purchase agreements with GENCOs and DISCOs. The previous ones with PEPCO have ended with dissolution of PEPCO. He said the role of CPPA will be that of a clearing house and will have no administrative and financial powers to interfere in affairs of DISCOs. This will lead to great autonomy to DISCOs and GENCOs, which will be managed through professional management and board of directors.
Members of CPPA board include Managing Director National Transmission and Despatch Company (NTDC) Rasul Khan Masud, Director General Economic Reforms Unit, Ministry of Finance Khaqan Hassan Najeeb, CEO GENCO-I Jamshoro Muhammad Akram Arian, CEO PESCO Peshawar Muhammad Wali, CEO CPPA, CEO KAPCO Aftab Mahmood Butt, Engineering Consultant and Member Board of Privatisation Commission Iftikhar-ul-Haq, Chairman Sitara Group of Industries Haji Bashir Ahmad and former CEO of Siemens Sohail Wajahat Siddiqui.
