ECC greenlights key agreements between K-Electric, govt entities

December 15, 2023 (MLN): The Economic Coordination Committee (ECC) of the Cabinet has approved the proposal of the Power Division for the signing of the draft PPAA, ICA, TDA & Mediation Agreements between K-Electric & GoP Entities, said a press release issued by Finance Division on Friday. 

ECC also directed the 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.

"ECC took up the matter of approval of the draft PPAA, ICA, TDA and mediation Agreements to be signed with K-Electric," the press statement reads.

The 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, it added.

 The Federal Minister for Finance, Revenue, and Economic Affairs, Dr Shamshad Akhtar presided over the said meeting.

The meeting was also 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.

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