ISLAMABAD: A meeting of the Economic Coordination Committee (ECC) of the Cabinet will be held on Tuesday (today) with Finance Minister Asad Umar in chair, to discuss the national gas load management plan for this winter.
The ECC meeting will also discuss the progress on acquiring Islamic Financing Facility to reduce the circular debt in the energy sector while considering over its three points’ agenda.
The ECC had recently directed the power and finance divisions to prepare a joint plan for raising Rs 300 bln Islamic financing by mortgaging assets of Discos. The amount will be used to clear a portion of circular debt of the energy sector which has now touched Rs700 bln in addition to Rs 600 bln parked in the books of Power Holding Private Limited (PHPL).
The meeting is also expected to discuss issuance of the Government of Pakistan Guarantee to National Power Parks Management Company.
The ECC would also take up the gas load management plan for the ongoing winter. The government is expecting gas shortfall from December to January, as the gap between supply and demand would surge due to less availability of local gas.
The post ECC to discuss gas Load Management Plan in meeting today appeared first on ARYNEWS.
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