The meeting of Board of Directors (BoD) Khyber Pakhtunkhwa Transmission and Grid Company (KPT and GC) here on Sunday approved the appointment process of chief executive officer (CEO) for first ever established power distribution company in the province.
The meeting was presided over by Secretary Energy and Power Nisar Ahmad Khan who is also Chairman Board while acting CEO, Special Secretary Tashfeen Haider, Additional Secretary Energy Abdul Hadi, CEO PEDO Engineer Naeem Khan, Advisor Energy Engr Tala Mohammad and other board members and concerned officers attended.
The meeting was briefed about the progress regarding the establishment of the power distribution company and issues confronted with the federal agencies NEPRA and NTDC in this regard. It said that provincial government has allocated
Rs. 96 million for the establishment of the new company in connection with the appointment of emergency staff for the company and the selection of the office building which would soon be done.
The meeting approved to issue a notification regarding the establishment of the company and the creation of its administrative structure with the support of the World Bank.
Furthermore, finance department KP stressed on the release of approved funds to run the affairs of the company.
Speaking on the occasion, Secretary Power Nisar Ahmed said that establishment of a power distribution company was
a milestone towards the improvement of the electricity system of the province. He said that KPT and GC will soon transmit cheap electricity generated from the completed projects of PEDO through its system.