AGL 40.00 Decreased By ▼ -0.16 (-0.4%)
AIRLINK 129.53 Decreased By ▼ -2.20 (-1.67%)
BOP 6.68 Decreased By ▼ -0.01 (-0.15%)
CNERGY 4.63 Increased By ▲ 0.16 (3.58%)
DCL 8.94 Increased By ▲ 0.12 (1.36%)
DFML 41.69 Increased By ▲ 1.08 (2.66%)
DGKC 83.77 Decreased By ▼ -0.31 (-0.37%)
FCCL 32.77 Increased By ▲ 0.43 (1.33%)
FFBL 75.47 Increased By ▲ 6.86 (10%)
FFL 11.47 Increased By ▲ 0.12 (1.06%)
HUBC 110.55 Decreased By ▼ -1.21 (-1.08%)
HUMNL 14.56 Increased By ▲ 0.25 (1.75%)
KEL 5.39 Increased By ▲ 0.17 (3.26%)
KOSM 8.40 Decreased By ▼ -0.58 (-6.46%)
MLCF 39.79 Increased By ▲ 0.36 (0.91%)
NBP 60.29 No Change ▼ 0.00 (0%)
OGDC 199.66 Increased By ▲ 4.72 (2.42%)
PAEL 26.65 Decreased By ▼ -0.04 (-0.15%)
PIBTL 7.66 Increased By ▲ 0.18 (2.41%)
PPL 157.92 Increased By ▲ 2.15 (1.38%)
PRL 26.73 Increased By ▲ 0.05 (0.19%)
PTC 18.46 Increased By ▲ 0.16 (0.87%)
SEARL 82.44 Decreased By ▼ -0.58 (-0.7%)
TELE 8.31 Increased By ▲ 0.08 (0.97%)
TOMCL 34.51 Decreased By ▼ -0.04 (-0.12%)
TPLP 9.06 Increased By ▲ 0.25 (2.84%)
TREET 17.47 Increased By ▲ 0.77 (4.61%)
TRG 61.32 Decreased By ▼ -1.13 (-1.81%)
UNITY 27.43 Decreased By ▼ -0.01 (-0.04%)
WTL 1.38 Increased By ▲ 0.10 (7.81%)
BR100 10,407 Increased By 220 (2.16%)
BR30 31,713 Increased By 377.1 (1.2%)
KSE100 97,328 Increased By 1781.9 (1.86%)
KSE30 30,192 Increased By 614.4 (2.08%)

ISLAMABAD: Power Division is said to have given different justifications for not filling positions of Chief Executive Officers (CEOs/ Managing Directors) of 16 entities, falling under its control, official sources told Business Recorder.

Sharing the details, the sources said, Power Division has informed the Cabinet that the position of CEO LPGCL (Lakhra Genco-VI) has never been filled from open market. Power Division has explained that due to planned closure/retirement of the plant as per decision of the CCoE of September 10, 2020 ratified by the Cabinet on September 22, 2020, the appointment of the CEO is not intended because all plants of the company are already de-licensed.

Alternative Energy Development Board (AEDB): The post is vacant since January 12, 2021. Power Division explained that due to merger of AEDB with PPIB, the process initiated for the position of CEO AEDB was halted and is not deemed to proceed ahead. The Cabinet approved this course of action on July 13, 2021. The CCLC has approved the draft bill for merger on October 21, 2021.

Power Holding Private Limited (PHPL): Power Division stated that the post of CEO PHPL has never been filled from open market as it is a very small organization with very limited functions. The market-based appointment is not deemed cost effective by this Division.

National Power Parks Management Company (NPPMCL): The post of CEO NPPMCL has been vacant since September 3, 2018. Power Division has argued that due to start of privatisation of NPPMCL, the Cabinet decided on May 18, 2021 that Dhanpat Kotak, an employee of NPPMCL, to continue to look after as CEO.

Chief Executive Officer (CEO) Multan Electric Power Company (Mepco): Power Division has claimed that the post has been never filled from open market. The look after charge has been assigned to a Senior Officer. Currently a panel has been submitted to Ministry of Energy (Power Division). The summary shall be submitted to the Cabinet once stay ordered by Punjab High Court is vacated by the Court as restraining order has been issued against taking the final decision by the Punjab High Court. The Law Division has been informed with a copy to Prime Minister Office.

CEO Quetta Electric Supply Company (QESCO): This post has never been filled from open market. The look after charge has been assigned to a Senior Officer. Power Division has informed the Cabinet that process had been initiated but the Balochistan High Court has issued orders not to appoint CEO in a case challenging the process. The Law Division has been informed with a copy to Prime Minister Office.

Tribal Electric Supply Company (TESCO): The post has never been filled from open market. The look after charge has been assigned to the Senior Officer. Due diligence by the BoD is under process after which TESCO shall submit the panel to the line Ministry. The appointment was delayed due to re-constitution of the new TESCO Board.

Power Information Technology Company (PITC): Power Division briefed the Cabinet that the post has never been filled from open market. The look after charge has been assigned to the senior Officer. The Board of Directors (BoD) of PITC submitted a panel of three candidates for appointment of CEO PITC. The case was pended awaiting reconstitution of the new PITC Board. The Board has recently been re-constituted. It will re-evaluate the candidates and then submit a panel in a month's time. The appointment has been delayed due to reconstitution of the PITC Board.

Faisalabad Electric Supply Company (FESCO): The Federal Cabinet has rejected a summary of Power Division regarding appointment of CEO Fesco and directed the post be re-advertised.

Central Power Generation Company Limited (CPGCL) Guddu(Genco-II): The post of CEO CPGC has been vacant since April 13, 2021. The services of Hammad Amir Hashmi former CEO CPGCL appointed on competitive bases were terminated with the approval of CCoE on March 13, 2021 and ratified by Cabinet on March 16, 2021 due to last grid blackout. The look after charge has been given to Sabin-uz- Zaman Farooqui, CEO, NPGCL by the Board. Power Division has intimated to the Cabinet that the Board has completed the process and conveyed a panel of three candidates to it. The appointment is delayed due to High Court decision of May 8, 2021.

Genco Holding Private Limited (GHCL): Muhammad Imran, the incumbent CEO GHCL has been allowed to continue looking after the work of CEO GHCL till appointment of the regular incumbent by the Cabinet in its meeting held on April 13, 2021. The post was advertised on June 25, 2021. However, appointment was delayed due to High Court decision of May 18, 2021. Now the Supreme Court, in its short order of September 8, 2021 (with direction to fix the next date preferably after 3 months) has suspended the judgement passed by, the High Court. The process has been reinitiated.

Gujranwala Electric Power Company (Gepco): Power Division has informed the Cabinet that the post has never been filled from open market. The look after charge has been assigned to a Senior Office. The process has been initiated. The Court initially stayed the process then ordered (June 1, 2021) for re-advertisement of the post of CEO which delayed the process. Later, a panel was submitted to Ministry.

The candidate at merit No. 1 in the panel was already appointed as CEO Hesco and No 2 is under inquiry. The candidate at merit No 3 was not deemed appropriate since he does not hold a good reputation. Since the panel was incomplete, the BoD.

Copyright Business Recorder, 2021

Comments

Comments are closed.