Asad Umar chairs CCOE meeting
ISLAMABAD: Minister for Planning, Development and Special Initiatives Asad Umar chaired a meeting of the Cabinet Committee on Energy (CCOE).
On a summary of the Petroleum Division regarding negotiations with LNG terminal companies, the Cabinet Committee on Energy set up a sub-committee to deliberate the matter and report to Cabinet Committee on Energy within a week.
The Petroleum Division also apprised the CCOE on the updated status of the dispute between Pakistan LNG Terminal Ltd. (PLTL) and Pakistan Gas Port Consortium Ltd. (PGPCL).
Power Division briefed the committee on various measures which were under consideration to reduce electricity prices.
The proposal included measures such as rationalizing the capacity charges of government owned power plants, exploring the possibility of extending the tenure of loans of various power plants and fuel cost optimization.
The Cabinet Committee on Energy set up deadlines for various actions to be completed to achieve their objectives.
Cabinet Committee on Energy was also apprised about the tax refund issues of the power sector and the need to streamline the process of payment of GST by the distribution companies (DISCOs).
The Cabinet Committee on Energy recommended the Cabinet that the pending tax refunds may be paid forthwith.
Members of the Cabinet Committee on Energy including Minister for Railways Sheikh Rashid, Minister for Energy Omar Ayub, Minister for Maritime Affairs Ali Zaidi, Special Assistant to Prime Minister on Petroleum Nadeem Babar, and officials from the Power Division and NEPRA were also present. – APP