PM orders implementation of industrial support package
By Staff ReporterFriday – December 4, 2020
According to a press release, the PM chaired a session on power sector reforms’ implementation, in the federal capital, whereat he was briefed on steps taken so far.
The meeting was informed about negotiations so far with independent power producers (IPPs). The PM directed to formulate sustainable solutions to problems being faced by the power sector.
He issued directives to implement all possible steps to facilitate the nation.
The advisor to PM on commerce and investment Abdul Razzaq Dawood, advisor to PM on finance and revenue Abdul Hafeez Shaikh, special assistant to PM on petroleum Nadeem Babar, special assistant to PM on power Tabish Gauhar, power secretary along-with other high level officials were present in the meeting.
In addition, the federal ministers including planning, development, reforms and special initiatives minister Asad Umar, information and broadcasting minister Sibli Faraz, industries and production minister Hammad Azhar and energy minister Omar Ayub Khan participated in the meeting.
Earlier in cabinet’s ECC meeting, according to a press release on Thursday, the power division presented the case for abolishment of time-of-use tariff scheme for industrial consumers to spur industrial activity amid Covid-19 (coronavirus) pandemic by removing the distinction between the current system of peak and off-peak hours as a part of industrial support package.
The underlying rationale is to incentivise industrial units to operate round the clock and produce greater output during testing times.
Consequently, the ECC accorded approval, in principle, to the proposal regarding amendment in the respective statutory regulatory orders (SROs) both for the XWDISCOS (FESCO, GEPCO, HESCO, IESCO, LESCO, MEPCO, PESCO, QESCO, SEPCO and TESCO) and K-Electric to charge the off-peak rates against the peak hours.
The abolishment of peak and off-peak tariff structure will be implemented with effect from November 1, 2020, till April 30, 2021.