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CCI approves transfer of power producers to provinces

11 February, 2014

ISLAMABAD: The Council of Common Interests (CCI) has approved transfer of power producers to provinces phase by phase.

Prime Minister Muhammad Nawaz Sharif presided over of the meeting here on Monday.

A private TV channel on Monday reported that issue of census was postponed till the next meeting; however, it approved transfer of power producers to provinces phase by phase.

The meeting also approved annual report of the National Electronic Power Regulatory Authority (NEPRA).

Prime Minister said that presently the government has very limited resources to bear losses of state enterprises.

In the past, un-necessary recruitments and corruption has resulted in miss-management of these organizations and therefore in the national interest, privatization is the only solution, said the Prime Minister. He further added that governance is a collective responsibility and all the provinces have to work in tandem.

It was decided by the CCI to continue with the Policy of 2011 regarding privatization of Power Sector Entities i.e. DISCOs and GENCOs.

The CCI approved issuance of Sovereign Guarantee for Thar coal mining project. Prime Minister said that Thar Coal is an important national Project which has to be fully supported as it would provide the much needed electricity at cheap rates. Moreover, it was decided that Sovereign Guarantees would be provided for all future coal based projects. The National Energy (Power) Policy 2013-18 was also approved.

The CCI expressed its dissatisfaction over the performance of NEPRA and it was decided that a diagnostic analysis be conducted in order to improve its performance.

Prime Minister directed that provincial consultation should be mandatory before appointment of Board Members in public sector companies so that equal representation is ensured. CCI was presented with Annual Report for the year 2012-13, which was approved.

The Pakistan Engineering Council (Amendment) Bill 2013 was approved by the CCI. On the issue of purchase of 20 percent shares of PPL, OGDCL and SSGCL at their face value under the Aghaz-e-Haqooq-e-Baluchistan, Prime Minister directed the Finance Division to hold detailed consultations with Provinces.

The Ministry of Water and Power was directed to hold meetings with all provinces to discuss the principles and decide upon mechanism for at-source deduction of outstanding power sector payables of provinces.

CCI decided to expedite the transfer of properties in the name of PTCL so that revenue of US $ 800 million is realized.

End.

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