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ACT XIV OF 2010 ACT XIV OF 2010 ALTERNATIVE ENERGY DEVELOPMENT BOARD ACT, 2010 An Act to provide for establishment of Alternative Energy Development Board [Gazette of Pakistan, Extraordinary, Part I, 25th May, 2010] No.F.9(18)/2010-Legis., dated 25-5-2010. --The following Act of Majlis-e-Shoora (Parliament) received the assent of the President on 21st May, 2010, is hereby published for general information:--- Whereas, it is expedient to provide for 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; It is hereby enacted as follows: CHAPTER - II ALTERNATIVE ENERGY DEVELOPMENT BOARD 5. Terms and conditions of office of the Chief Executive Officer (CEO).---(1) The Chief Executive Officer shall be appointed by the Federal Government and the terms and conditions of the Chief Executive Officer, his remuneration and privileges shall be such as may be determined by the Federal Government. (2) The Chief Executive Officer shall be an eminent engineering professional of known integrity, competence and expertise in handling development projects. (3) The Chief Executive Officer may resign from his office by giving one month notice by writing under his own hand, addressed to the Federal Government. The age of Chief Executive Officer shall not be more than 65 years. (4) The Chief Executive Officer will be answerable to the Board for all administrative financial and technical matters-of the Board. The Board may delegate such administrative and financial powers to the Chief Executive Officer for carrying out day to day 'affairs of the Board.