Meeting of High Level Energy Committee

Islamabad: A high-level meeting of the committee formed by the Prime Minister of Pakistan for the energy sector issues was held under the chairmanship of the Minister of Finance. The committee consists of Ministers of Water and Power, Petroleum and Natural Resources, Deputy Chairman Planning Commission and Governor State Bank. Representatives from the M/o Water and Power, Planning Commission, NEPRA and Economic Reform Unit (ERU), attended the meeting to review the crises being faced by the energy sector. Issues related to the liquidity of the sector, circular debt, KESC, full cost recovery, corporate governance, NEPRA’s enhanced role, IPP payables, tariff issues and payables and receivables of power sector were discussed in detail.

For a more focused approach, the committee discussed categorization of the issues of the power sector in the most immediate and critical to long-term solutions. It was decided that a detailed action plan would be formulated for resolving the issues confronting the sector.

The issues are complex and require deliberation and it was decided to deal with all the issues in sequence on a daily basis. The next session of the meeting will be held on August 10, 2011 with a more narrowed down approach on the issues haunting the power sector with short, medium and long term solutions for them.

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