LAHORE: A massive twin energy crisis has started unfolding with potentially bringing the country to a virtual standstill, as gas paucity resurfaced right in the middle of summer, following massive.
LAHORE: A massive twin energy crisis has started unfolding with potentially bringing the country to a virtual standstill, as gas paucity resurfaced right in the middle of summer, following massive.
ECC may approve arrangement for additional power from NTDC to KE
Peshawar
May 5, 2021
ISLAMABAD: The Economic Coordination Committee (ECC) that is to meet today (Wednesday) with Finance Minister Shuakat Tarin will consider the summary of Power Division seeking approval for arrangement of additional power from NTDC (National Transmission Dispatch Company) to K-Electric.
According to the copy of the summary, the Cabinet Committee on Energy (CCoE) approved additional supply of 1,300 MW from national grid to K-Electric on 19th June, 2020. The CCoE on 27th August 2020 further reviewed different aspects of additional supply of 1,300 MW to K-Electric and took decisions that include KE, CPPA and NTDC will initial the tripartite Power Purchase Agreement for additional power supply of 350-450 MW within one-week time period, while keeping the financial settlement clauses in square brackets with CPPA s proposed-language and Finance Division and Power Division will expedite action for final
In this file photo, Federal Minister for Finance and Revenue Shaukat Tarin chairing a meeting of the Economic Coordination Committee of the cabinet. PPI/File
ISLAMABAD: With the power sector emerging as the country’s biggest economic challenge, the Economic Coordination Committee (ECC) of the Cabinet is set to take up today (Wednesday) at least four critical policy decisions including the payment of 40 per cent dues to the independent power producers (IPPs). The other items on agenda include arrangement of additional power from the national grid to K-electric, setting fresh principles for power sector subsidies and granting tax exemptions to Chinese contractors of hydropower plants in Azad Kashmir.