Economic Coordination Committee decided to approve the proposal of Power Division for signing of agreements between K-Electric & GoP Entities.
The Federal Minister for Finance, Revenue, and Economic Affairs, Dr. Shamshad Akhtar presided over a meeting of the Economic Coordination Committee (ECC) of the Cabinet, today. The meeting was attended by the Minister for Communication, Railways & Maritime Affairs Mr. Shahid Ashraf Tarar, the Minister for Privatization Mr. Fawad Hasan Fawad, Minister for Power & Petroleum Mr. Muhammad Ali, Advisor to PM on Finance Dr. Waqar Masood, Federal Secretaries, and other senior government officials of the relevant ministries.
ECC took up the matter of approval of the draft Power Procurement Agency Agreement (PPAA), Inter-Connection Agreement (ICA), Tariff Differential Subsidy (TDS) Agreement and Mediation Agreements to be signed with K-Electric. Ministry of Energy (Power Division) briefed the Committee on the observations made by the members of the ECC and provided the requisite additional data on the working of CPPA-G.
After detailed discussion and deliberation, ECC decided to approve the proposal of Power Division for signing of the draft PPAA, ICA, TDA & Mediation Agreements between K-Electric & GoP Entities. ECC also directed Power Division to present the matter related to KE’s generation enhancement plan to the CCOE, which should focus on reducing the cost of electricity as well as on the resultant subsidies
