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As previously announced, Martin Taylor will continue in his role on the FPC until April 2020.
FPC's status of natural monopoly entails tight state regulation and monitoring.
Ojepat was speaking at the official launch of FPC Kenya, which rebranded from Kenya Association of Fruits and Vegetable Exporters.
MNA Mian Abdul Mannan, MPA Hajji Elyas Ansari and a large number of journalists including office bearers of FPC were also present on the occasion.
'India became FPC's important PVC market three years ago.
The FPC said that most European firms were relying on a "greater degree of co-operation" between the UK and European Union, though banking on those prospects could put their UK operations at risk.
Under the original interpretation of the Natural Gas Act of 1938, the FPC did not consider Phillips to be a "natural gas company," since it did not directly engage in the sale or transport of gas in interstate commerce.
The FPC said prospects for the sector have weakened, with external forecasters expecting an average 10% drop in prices by the end of 2017.
"Overall, the FPC judged that the risks of a sharp adjustment in the UK CRE (commercial real estate) market were crystallising," it said.
Furse and Sharp's initial terms on the Financial Policy Committee (FPC) are scheduled to expire on 31 March 2016.
O-Film said it supplies fingerprint sensor modules and FPC contributes touch fingerprint sensor technology to the collaboration.
Fibertex Personal Care (FPC) has acquired the remaining 85% stake in Innowo Print, a European leader in direct printing on nonwovens, which it co-founded in 2007.
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