Ministry of Energy appoints new Managing Director NTDC

Ministry of Energy (Power Division) has appointed Dr. Khawaja Riffat Hassan as Managing Director National Transmission and Despatch Company (NTDC) as stopgap arrangement. His predecessor Mr Zafar Abbas Joint Secretary (Power Division) has resigned from the post of MD NTDC due to his commitment at Ministry of Energy (Power Division).

The spokesman of NTDC has said that Dr. Khawaja Riffat Hassan did his PhD and MSc in Electrical Engineering from the University of New South Wales, Sydney Australia and BSc Electrical Engineering from UET Lahore. He also holds Master Degree in Human Resource Management from NUML, Islamabad.

He enjoys 27 years of power sector experience. He performed his duties in NTDC as General Manager Power System Planning, GM Design & Engineering, GM Performance Assessment, GM Asset Management and GM Project Delivery.
Dr Khawaja Rifat has taken over the charge of MD NTDC today i.e 29 Apr 2020.

NTDC entitles to interest at the rate of 7.925% per annum

Earlier, National Transmission and Dispatch Company has prevailed in an international commercial arbitration initiated by an Iranian company (GAM ARAK Ind. Co.) in 2017 against NTDC before an arbitrarily tribunal constituted under the rules of the International Chamber of Commerce (ICC), Paris.

The spokesmen said that in its detailed Award released on 24 April 2020, the arbitrarily tribunal has dismissed all the claims brought by the Iranian company and accepted and granted several counterclaims of NTDC amounting to approximately PKR 714 Million (approx. 71 Crore or US$ 4.5 Million) plus interest at the rate of 7.925 % per year as of the date of NTDC’s counterclaims dating back to July 2018 until full payment.