Atta ur Rehman
Cabinet Committee on Energy (CCoE) directed Power Division to workout detailed projections and mitigations strategies for Circular Debt build up as well monitor the implementation progress of the reform measures to minimize the Circular Debt buildup in the power sector.
According to details, a meeting of the CCoE was held under the Chairmanship of Federal Minister for Planning, Development and Special Initiatives Asad Umar in Islamabad on Thursday. The meeting was attended by Minister for Energy Omar Ayub Khan, Federal Minister for Information and Broadcasting Shibli Faraz, Federal Minister for Industries and Production Hammad Azhar, Federal Minister for Maritime Affairs Ali Haider Zaidi, Advisor to Prime Minister Imran Khan on Finance Abdul Hafeez Sheikh, , SAPM on Petroleum Nadeem Babar, SAPM on Mineral Resources Shahzad Qasim and official of various divisions.
CCoE reviewed the Circular Debt Reporting Format developed by Power Division in consultation with NEPRA while approving the format.
Competitive electricity market introduction plan was also presented to the CCoE and it was decided that Power Division will present the detailed analysis of the market model and institutional reforms plan along with the timelines to CCoE for its approval.
The meeting was agreed that an efficient competitive wholesale market, that will reduce the cost of power for the customers, will be considered for implementation in the shortest possible time.