AGL 37.50 Decreased By ▼ -0.08 (-0.21%)
AIRLINK 222.89 Increased By ▲ 0.46 (0.21%)
BOP 10.82 Decreased By ▼ -0.14 (-1.28%)
CNERGY 7.56 Decreased By ▼ -0.10 (-1.31%)
DCL 9.42 Decreased By ▼ -0.21 (-2.18%)
DFML 40.96 Decreased By ▼ -0.74 (-1.77%)
DGKC 106.76 Decreased By ▼ -3.99 (-3.6%)
FCCL 37.07 Decreased By ▼ -0.99 (-2.6%)
FFL 19.24 Increased By ▲ 0.95 (5.19%)
HASCOL 13.18 Decreased By ▼ -0.19 (-1.42%)
HUBC 132.64 Decreased By ▼ -2.32 (-1.72%)
HUMNL 14.73 Decreased By ▼ -0.86 (-5.52%)
KEL 5.40 Decreased By ▼ -0.16 (-2.88%)
KOSM 7.48 Increased By ▲ 0.07 (0.94%)
MLCF 48.18 Decreased By ▼ -2.15 (-4.27%)
NBP 66.29 Decreased By ▼ -0.18 (-0.27%)
OGDC 223.26 Decreased By ▼ -5.35 (-2.34%)
PAEL 43.50 Increased By ▲ 0.13 (0.3%)
PIBTL 9.07 Decreased By ▼ -0.23 (-2.47%)
PPL 198.24 Decreased By ▼ -4.89 (-2.41%)
PRL 42.24 Decreased By ▼ -0.62 (-1.45%)
PTC 27.39 Increased By ▲ 0.06 (0.22%)
SEARL 110.08 Increased By ▲ 3.06 (2.86%)
TELE 10.52 Increased By ▲ 0.74 (7.57%)
TOMCL 36.62 Decreased By ▼ -0.01 (-0.03%)
TPLP 14.95 Decreased By ▼ -0.28 (-1.84%)
TREET 26.53 Decreased By ▼ -0.26 (-0.97%)
TRG 68.85 Decreased By ▼ -1.30 (-1.85%)
UNITY 34.19 No Change ▼ 0.00 (0%)
WTL 1.79 Increased By ▲ 0.03 (1.7%)
BR100 12,363 Decreased By -32.9 (-0.27%)
BR30 38,218 Decreased By -629.2 (-1.62%)
KSE100 117,120 Increased By 111.6 (0.1%)
KSE30 36,937 Increased By 72.2 (0.2%)

ISLAMABAD: The government has reportedly prepared amendments to the National Electric Power Regulatory Authority (Nepra) Act to bring its own man at the top position of the power regulator aimed at ensuring the choice and speed of its implementation decisions.

This secret move was initiated just a month before the expiry of the term of the incumbent Chief of Nepra, Tauseef H Farooqi, who is considered a persona non grata by the Power Division since the day he met former Prime Minister Imran Khan without prior intimation to the Power Division.

However, the million-dollar question which came under heated discussion on Monday is who is the “blue eyed” who will be the next boss of the power regulator.

PM forms body for comprehensive review of Nepra law

On January 13, 2023, Business Recorder ran a story that Prime Minister Shehbaz Sharif has constituted a committee headed by former prime minister Shahid Khaqan Abbasi for a comprehensive review and legislative improvements in Nepra Act as the government is unhappy with “undue activism” of power regulator.

The committee included Minister for Power, Khurram Dastgir Khan, Minister for Defence, Khawaja Asif, Minister for Commerce, Syed Naveed Qamar, Minister for Industries and Production, Syed Murtaza Mahmud, Minister of State for Finance, Dr Aisha Ghaus Pasha, Minister of State for Petroleum and Natural Resources, Dr Musadik Masood Malik.

The Committee was tasked to review “The Regulation of Generation, Transmission and Distribution of Electric Power Act, 1997 (as amended up to 2021)” and to suggest legislative improvements. The committee was empowered to co-opt a member/expert as per requirement.

The draft Ordinance, which was ready to be presented before the Cabinet, was dropped due to unforeseen developments.

The proposed amendments, if approved, would introduce significant changes to the NEPRA Act and grant increased powers to the chairman, as well as alter the criteria for their appointment.

According to the draft amendments, one of the most contentious changes is the eligibility criteria for the slot of Chairman. The amendments would allow both serving and retired civil servants to be appointed as Chairman, with a retired officer of Grade 22 or equivalent also eligible for the role. Critics argue that this provision could open the door for political interference and compromise the independence of NEPRA’s decision-making process.

Another key amendment aims to abolish the age limit of 60 years for the chairman, enabling individuals to serve in the position for an indefinite period. This move has raised concerns about the potential lack of fresh perspectives and the possibility of individuals holding the position for an extended duration, thereby reducing the likelihood of a smooth transition and potential for innovation within NEPRA.

Furthermore, the amendments would require a minimum of 20 years of relevant experience for the qualification of chairman. While experience is undoubtedly valuable, critics caution that such a stringent requirement could limit the pool of qualified candidates and hinder the inclusion of individuals with diverse backgrounds and fresh ideas.

The NEPRA authority, as per the proposed amendments, would consist of a chairman and four specialized members, all appointed by the federal government. This centralized appointment process has raised concerns about the potential for political influence in the selection of individuals who may be sympathetic to the interests of certain power companies, including K-Electric.

Copyright Business Recorder, 2023

Comments

Comments are closed.

Muhammed Jul 04, 2023 05:49am
FG should abolish Nepra & all powers be vested to Power Division so that any or all decisions be sanctioned & implemented without any fuss. After all the WISDOM of Bureaucracy must prevail over the minions who know nothing about power.
thumb_up Recommended (0)
Iftikhar Shahid Jul 04, 2023 06:08am
Traders' decisions are always guided by the max-profit prospects for their kith and kin.
thumb_up Recommended (0)
Tulukan Mairandi Jul 04, 2023 09:46am
Establishment will not be pleased
thumb_up Recommended (0)