13

ORDINANCE LX OF 2009 ORDINANCE LX OF 2009 ALTERNATIVE ENERGY DEVELOPMENT BOARD ORDINANCE, 2009 An Ordinance to provide for establishment of Alternative Energy Development Board [Gazette of Pakistan, Extraordinary, Part I, 12th December, 2009] No.2(I)/2009-Pub., dated 12-12-2009.--The following Ordinance promulgated by the President is hereby published for general information:--- Whereas, it is expedient to provide for the establishment of Alternative Energy Development Board (AEDB) as an autonomous body for the purpose of implementation of various policies, programmes and projects in the field of Alternative or Renewable Energy Technologies; And whereas the objective of the Alternative Energy Development Board is to assist and facilitate development and generation of Alternative or Renewable Energy in order to achieve sustainable economic growth with transfer of technology for development of an indigenous technological base through a diversified energy generation; And whereas the National Assembly is not in session and the President is satisfied that circumstances exist which render it necessary to take immediate action; Now, therefore, in exercise of the powers conferred by clause (1) of Article 89 of the Constitution of the Islamic Republic of Pakistan, the President is pleased to make and promulgate the following Ordinance: CHAPTER - III FUND, ACCOUNTS AND AUDIT 13. Alternative Energy Fund.---(1) There shall be established a non-lapsable fund vesting in the Board to be known as the "Alternative, Energy Fund" (AEF) for the purpose of meeting expenses in connection with the functions and operations of the Board, Institute and Organizations under this Ordinance, including payment of salaries and other remuneration payable to the Chairman, Members, members of its staff, experts, consultants, advisors and other officers and employees of the Board, Institute and the Organizations. (2) The fund shall consist of,--- (a) funds provided by the Federal Government for payment of salaries, establishing infrastructure and running the day to day business of the Board; (b) loans or grant's by the Federal Government or any Provincial Government or local authority; (c) other loans or funds obtained by the Board; (d) foreign aid, grants and loans negotiated and raised, or otherwise obtained, by the Board, directly or through the Economic Affairs Division; (e) charges for services or for the provision of any information or report automated or otherwise to any Government, private or any other person or entity; (f) fees and commissions collected by the Board as prescribed from time to time; (g) income from the sale of moveable or immoveable property; (h) funds from floating bonds, shares, debentures, commercial papers, or other securities issued by the Board or through any other means; and (i) all other sums received or earned by the Board; (3) The Alternative Energy Fund shall be kept in one or more accounts maintained by the Board, in local or foreign currency in any scheduled bank in Pakistan and shall be operated in accordance with the directions of the Board. (4). The Government shall fund all administrative, operational and any other expense: Provided that the responsibility of the Federal Government to exclusively fund the operations and functions of the Board shall cease at such appropriate time, when in the opinion of the Federal Government, the Board shall have become capable of funding its functions and operations envisaged under this Ordinance to be funded by the Board.