ECC approves draft of agreements between K-Electric and govt bodies

ISLAMABAD (92 News) - ISLAMABAD (92 News) – Caretaker Federal Minister for Finance Dr Shamshad Akhtar presided over a meeting of the Economic Coordination Committee (ECC) of the cabinet on Friday.

The ECC took up the matter of approval of the draft PPAA, ICA, TDA & 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.

The meeting was attended by the Minister for Communication, Railways and Maritime Affairs Shahid Ashraf Tarar, the Minister for Privatization Fawad Hasan Fawad, Minister for Power & Petroleum Muhammad Ali, Adviser to PM on Finance Dr Waqar Masood, Federal Secretaries, and other senior government officials of the relevant ministries.