Printer Friendly

ECC again defers proposal of power tariff rationalization.

ISLAMABAD: Economic Coordination Committee (ECC) of the Cabinet Monday once again deferred the decision of hike in the proposed electricity tariff submitted by Ministry of Power.

Chairing the ECC meeting, Finance Minister Asad Umar directed the officials concerned to submit a

detailed plan for improvements in the power sector, especially measures to increase recoveries and reduction of losses, before the proposed tariff rationalization plan could be approved.

The ECC would meet again on Wednesday to consider the above mentioned plan and tariff rationalization proposals.

The auditor general shared with the ECC a report on audit findings pertaining to financial and

operational issues in the four Power Distribution Companies such as HESCO, PESCO, QESCO and SEPCO in the years 2016-17 and 2017-18.

The report highlighted significant areas of the distribution system responsible for line and

commercial losses. The chair directed Ministry of Power to take remedial measures on the issues raised in the report.

The ECC also discussed another proposal of the Power Division relating to payment of subsidy for

agricultural tube wells in Balochistan.

The committee decided to consult the Balochistan chief minister before taking any decision into the matter.

COPYRIGHT 2018 Plus Media Solutions
No portion of this article can be reproduced without the express written permission from the copyright holder.
Copyright 2018 Gale, Cengage Learning. All rights reserved.

Article Details
Printer friendly Cite/link Email Feedback
Publication:Daily the Pak Banker (Lahore, Pakistan)
Date:Oct 24, 2018
Previous Article:CCB demolishes sheds of 300 shops in Lal Kurti.
Next Article:Following important news items were released by APP on Monday till 2100 hours:.

Terms of use | Privacy policy | Copyright © 2019 Farlex, Inc. | Feedback | For webmasters