ISLAMABAD: The National Power Park Management Company(Private) Limited (NPPMCL) is reportedly facing difficulties in maintaining the Rousch Power Plant due to the unavailability of necessary government approvals, lack of funds, and the refusal of insurance companies to extend the insurance coverage beyond March 17, 2025, without a No Objection Certificate (NOC) from the National Insurance Company Limited (NICL).
The Chief Executive Officer (CEO) of NPPMCL, Akram Kamal, has brought this alarming situation to the attention of senior officials in Islamabad, who have not responded to his previous communications. He has already written five letters to the concerned authorities, titled “Taking Over of Complex and Site of Rousch Power Plant (Abdul Hakeem) – Cabinet Decision Regarding Approval of Grant and Exemptions.”
In this regard, he has stated that in compliance with the Cabinet’s decision and the directions of the Power Division from October 10, 2024, and December 30, 2024, respectively, NPPMCL, as the Designated Entity, took possession of the Complex and site of the Rousch Power Plant on December 31, 2024. So far, NPPMCL has incurred Rs. 220 million in monthly expenses for O&M services, energy import bills, and other additional services to ensure the preservation of the Complex in operable condition for six months. Further, the requested facilitation through various letters for exemptions from the applicability of the PPRA, Insurance Ordinance, etc., is still awaited, causing delays in arrangements and agreements with third parties for operational requirements.
NPPMCL has also submitted that insurance coverage for the power plant has been secured since January 1, 2025. In this regard, a No Objection Certificate (NOC) from the National Insurance Company Limited (NICL) is required under the Insurance Ordinance of 2000, as the existing insurance policies were continued due to time constraints. Now, insurance companies have expressed their inability to extend the insurance coverage beyond March 17, 2025, without an NOC from NICL. This will expose the power plant to risk, as the plant is currently in an operable mode under dry preservation.
After explaining the situation, the CEO of NPPMCL has requested the Power Division to seek Cabinet approval regarding the exemptions and the release of Rs. 1.095 billion (exclusive of taxes) as soon as possible to ensure that the Complex remains in operable condition and under dry preservation for six months.
Ends
