ISLAMABAD, JAN 06 (DNA) – The Economic Coordination Committee has recommended for submission to the federal cabinet a set of amendments proposed by the Ministry of Energy to the Regulation of Generation, Transmission and Distribution of Electronic Power Act 1997.

Meeting of ECC was held in Islamabad on Monday with Adviser to the Prime Minister on Finance and Revenue Dr. Abdul Hafeez Shaikh in the chair.

The meeting was informed that the proposed amendments to the Regulation of Generation, Transmission and Distribution of Electronic Power Act 1997 were aimed at bringing more clarity and precision in the market operation, uniformed tariff, timely submissions and determination of quarterly and annual tariffs.

The ECC meeting was told that the proposed amendments to the Regulation of Generation, Transmission and Distribution of Electronic Power Act 1997 were aimed at bringing more clarity and precision in the market operation, uniform tariff, timely submissions and determination of quarterly and annual tariffs.

The ECC discussed the proposed draft amendments in detail and recommended their submission to the cabinet with a slight modification in the text to make it more clear as per input from some members of the ECC.

After the ECC’s go-ahead, the proposed Amendments would be taken up by the federal Cabinet and later submitted to the National Assembly Secretariat for further discussion by the NA Standing Committee and other relevant stakeholders, including Nepra, before being put to vote by the House. = DNA

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