ISLAMABAD: The Economic Coordination Committee (ECC) of the Cabinet in Islamabad approved the draft of a crucial agreement between K-Electric (KE) and Pakistani government entities.
The ECC discussed and reviewed the Power Procurement Agency Agreement (PPAA), Inter-Connection Agreement (ICA), Tariff Differential Subsidy (TDS) Agreement, and Mediation Agreements intended to be signed with K-Electric. The Ministry of Energy (Power Division) provided additional data on the workings of the Central Power Purchasing Agency (CPPA-G) and addressed observations from ECC members.
Following comprehensive discussions, the ECC endorsed the Power Division's proposal for signing the draft agreements—PPAA, ICA, TDA, and Mediation—between K-Electric and government entities. Additionally, the ECC instructed the Power Division to present KE's generation enhancement plan to the Cabinet Committee on Energy (CCoE). The focus should be on reducing electricity costs and resulting subsidies.
The meeting was attended by various ministers including those for Communication, Railways & Maritime Affairs, Privatization, Power & Petroleum, the Advisor to the Prime Minister on Finance, federal secretaries, and senior officials from relevant ministries.
