PDSI minister Umar chairs CCOE meeting on LNG

By Staff Reporter
Friday – April 3, 2020
ISLAMABAD: The planning, development and special initiatives (PDSI) minister Asad Umar chaired a meeting of the cabinet committee on energy (CCOE), Thursday, on a summary of the petroleum division (PD) regarding negotiations with liquefied natural gas (LNG) terminal companies, the CCOE set up a sub-committee to deliberate the matter and report back to CCOE within a week.

According to an official statement, the PD also apprised the CCOE on the updated status of the dispute between Pakistan LNG Terminal Limited (PLTL) and Pakistan Gas Port Consortium Limited (PGPCL).

PD briefed the committee on various measures which were under consideration to reduce electricity prices.

The proposal included measures such as rationalising the capacity charges of government owned power plants, exploring the possibility of extending the tenor of loans of various power plants and fuel cost optimisation.

The CCOE set up deadlines for various actions to be completed to achieve their objectives.

CCOE was also apprised about the tax refund issues of the power sector and the need to streamline the process of payment of general sales tax (GST) by the distribution companies (DISCOs).

The CCOE decided to recommend to the cabinet that the pending tax refunds may be paid forthwith.

The CCOE members including railways minister Sheikh Rasheed, energy minister Omar Ayub, maritime affairs minister Ali Zaidi, special advisor to the prime minister (SAPM) on petroleum Nadeem Babar, and officials from the power division and national electric power regulatory authority NEPRA were also present.