KARACHI - The Sindh Government has expressed its interest to run the Lakhra Power Plant either under its full control or with Public Private Partnership (PPP) rather than to support for its privatisation.

The provincial government of Sindh has also decided to place this proposal in the upcoming meeting of council of Common Interest (CCI) to be held on February 10, 2014 at Islamabad.

This was decided in a meeting presided by Chief Minister Sindh Syed Qaim Ali Shah to discuss over the agenda of the CCI meeting at CM House Karachi on Friday. After threadbare discussion the proposal for taking over the Lakhra power plant was made for three reasons, firstly, to take good initiative for usage of indigenous source of energy i.e Coal available with Sindh Government at the site, secondly to supplement the power in national grid as move against energy crisis, thirdly to protect the rights of the workers and remove the unrest from them.

However, the meeting also proposed for forming technical committee to examine, the liabilities, Assets and Balance sheet of Lakhra Power Plant and to submit terms of reference (TOR) within 3-month in case this proposal of the Sindh Government is approved in the CCI meeting.  The Sindh Government has also decided to take the matter pertaining to issuance of sovereign guarantee for Thar Coal and Energy Board (TC&EB)/ Sindh Energy Coal Mining Company (SECMC) for raising its financing.  The meeting was informed that since Sindh government has revised the joint venture agreement with share holding ratio 51/49, as per condition of the ECC for having major ratio to Sindh Government, now it qualify for having sovereign guarantee for TC&EB / SECMC. Similarly the matter regarding transfer of Korangi fish harbor and its related components to Sindh Government as per spirit of 18th amendment and matter regarding collection and distribution of Zakat Fund would also be discussed in the upcoming CCI meeting for which preparation was being made.  Advisor to CM for Finance Syed Murad Ali Shah, Chief Secretary Sindh Sajjad Saleem Hotiyana, Secretary to CM Rai Sikandar and other officers from related department attended the meeting.