Dr. Abdul Hafeez Shaikh chairs ECC meeting | CustomNews.pk

Dr. Abdul Hafeez Shaikh chairs ECC meeting

ISLAMABAD: Dr. Abdul Hafeez Shaikh, Adviser to the Prime Minister on Finance & Revenue chaired a meeting of the Economic Coordination Committee (ECC) of the Cabinet and approved a proposal submitted by the Ministry of National Food Security and Research for release of 150,000 tonnes to the provincial governments of Khyber Pakhtunkhwa as well as release of 100,000 tonnes to Sindh subject to release of same quantity of wheat by the latter from its own stocks. The ECC further approved a set of proposals submitted by the Ministry of Energy for the resolution of issues pertaining to 1124 MW Kohala Hydropower Project, including the minimum ecological water flow of 42 cumecs by maintaining the e-flow of 30 cumecs and releasing additional flow of 12 cumecs from the spillway, construction of sewage treatment plants and water bodies whose cost would be included in the NEPRA tariff. The ECC also discussed the issue regarding the Cabinet Committee on Energy’s “Approval of the Settlement of the Settlement of Liquidated Damages” as referred to it by the Cabinet and constituted a Committee comprising Economic Affairs Minister Hammad Azhar, Advisor to the Prime Minister on Institutional Reforms and Austerity and Special Secretary Finance Omar Hamid Khan to examine the matter and firm submit its recommendations to ECC. To another proposal by the Ministry of Energy, the ECC amended its decision of 28th August 2019 to allow proposed subsidy by the Sindh Government in favour of the destitute residents of Islamkot for reflection in the electricity bills of 4514 consumers of the area while the Sindh government would make budgetary provision/allocation for the amount of the proposed subsidy on annual basis for the life of the proposed facility failing which the facility would be discontinued. The ECC also approved a proposal of the Ministry of Energy to allow Central Power Purchasing Agency to approach NEPRA for approval of extension of tariff as agreed between Pakistan and Iran on 15th March 2019 for supply of power to Makran Division from the Power Generation & Transmission Management Company (TAVANIR). To another proposal by the Ministry of Energy for tariff rationalisation for power sector-quarterly and annual indexation/adjustments of distribution margin, the ECC approved a proposal to notify the NEPRA approved adjustments for Q-3&4 of FY 2018-19 and annual adjustment/indexation after incorporating the target quarterly subsidy and additional charge to maintain uniform tariff. The ECC further directed for the adjustment to be shown separately in the consumer bill and applicable for next 12 months effective from October 01, 2019. Similarly, the ECC in order to fully protect the lifeline and domestic consumer consuming upto 300 units, approved the additional charge of Rs. 0.30 per unit so that the impact of instant adjustments was not passed on to lifeline and domestic consumers upto 300 units and at the same time the consolidated revenue requirement approved and determined by NEPRA on 27-9-2019 was maintained. The ECC also approved a technical supplementary grant of Rs 419.154 million to pay court fee and fee to foreign counsels in case of Dr. Hilal Hussain At-Tuwairiqi and Al-Ittifaq Steel Products Company Limited vs Islamic Republic of Pakistan.
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