ECC approves hike in electricity prices |

ECC approves hike in electricity prices |

Economic Coordination Committee (ECC) has approved a proposal to increase electricity prices by 30 paisa per unit. New prices would be implemented on users with units greater than 300.

The meeting of ECC was held in Islamabad Wednesday with Advisor to the Prime Minister on Finance Dr. Abdul Hafeez Shaikh in the chair.

ECC also approved the proposal of the Ministry of National Food Security and Research for release of 150,000 tonnes of wheat to Khyber Pakhtunkhwa as well as release of 100,000 tonnes to Sindh.

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.

It 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.

ECC also approved purchase rate of power from Iran. The meeting also approved subsidy for residents of IslamKot area Sindh. The meeting also sought data for implementation Austerity drive.

To another proposal by the Ministry of Energy, the ECC amended its decision of 28th August this year 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.

In a separate meeting, Executive Committee of the National Economic Council (ECNEC) has approved separate projects, including construction of 21-km long dedicated Yellow Bus Rapid Transit-BRT Corridor linking Landhi to Numaish, 47.55km Peshawar-Torkham Motorway Project and interlinking of 220 kV Daharki, Rahim Yar Khan, Bahawalpur and Chishtian Grid Stations for improvement of power supply system in southern areas.

The decisions were taken at a meeting of ECNEC in Islamabad on Wednesday with Adviser to the Prime Minister on Finance Dr. Abdul Hafeez Shaikh in the chair.

The ECNEC approved the construction of Karachi Urban Mobility to be executed by the Government of Sindh at a cost of 61.439 billion rupees. The project to be funded mainly by the World Bank would cover a distance of 21 kms.

The ECNEC also approved with a proviso for formation of a coordination committee between the federal government and the Khyber Pakhtunkhwa government for overview and fiscal discipline, the construction of Peshawar-Torkham Motorway Project as component-1 of Khyber Pass Economic Corridor at a rationalised cost of 36.705 billion rupees.

The meeting also approved component-II “Economic Development and Upift of Areas Adjoining the Motorway” for which the Framework Agreement to facilitate preparation and feasibilities through World Bank had been agreed at a total cost of 8.357 billion rupees.

The ECNEC further approved a project for Interlinking of 220 kV Daharki, Rahim Yar Khan, Bahawalpur and Chishtian Grid Stations for improvement of power supply system in southern areas at a an updated cost of 15.795 billion rupees.

Among the other projects, the ECNEC approved construction of a four-lane 18.98 km long Expressway on East Bay of Gwadar Port at a cost of 17.369 billion rupees.

ECNEC also accorded approval to Dasu Hydropower Project (Stage-1); Revision of Cost for Land Acquisition and Built-up Property at a total cost of 510.980 billion rupees.

The meeting gave approval to Lahore Water and Wastewater Management Project-Construction of Surface Water Treatment Plant at BRDB Canal Lahore at a cost of 21.045 billion rupees.

In similar decisions, the ECNEC also granted ex-post facto approval to the development of Phase-1 of Kartarpur Sahib Corridor on EPE/Turnkey mode.


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