thenews.com.pk 19 Sep, 2020 06:00 am

Asad Umar chairs CCOE meeting

Asad Umar chairs CCOE meeting
ISLAMABAD: A meeting of the Cabinet Committee on Energy was held under the chairmanship of Minister for Planning, Development and Special Initiatives Asad Umar here Friday.The cabinet committee...

September 19, 2020 Home Today's Paper National Asad Umar chairs CCOE meeting National September 19, 2020 ISLAMABAD: A meeting of the Cabinet Committee on Energy (CCOE) was held under the chairmanship of Minister for Planning, Development and Special Initiatives Asad Umar here Friday.The cabinet committee discussed a proposal of the Power Division for waiver of minimum 66 percent take-or-pay commitment in PPAs and GSAs of RLNG plants and firm gas commitment to be finalised based on the annual production plan of power sector.This LNG was loaded on the PPAs of government-owned IPPs as take-or-pay commitment at 66 percent of the plant capacity.Latest News Shafqat Mahmood Warns Against 'hasty Decision' To Close Educational Institutions Emmys Presenters To Put On Specially-branded Hazmat Suit For The Award Night Princess Diana Hit Out At Princess Anne For Complaining About Sarah Ferguson Ruth Bader Ginsburg: Katy Perry And More Stars Mourn The Loss Of The Trailblazing Icon Meghan Markle’s Court Win May Be Reversed With Her Friends Getting Exposed In Legal Battle Jennifer Aniston Struck With Grief After The Demise Of Ruth Bader Ginsburg Ahead Of Sunday's Emmy Awards 2020 Ceremony, Here's A Full List Of Nominees Close Friend Confirms Sushant Singh Rajput, Kriti Sanon Were In A Relationship Sunny Leone Reacts After Kangana Ranaut Drags Her Amid Urmila Matondkar Fiasco Gwen Stefani, Blake Shelton Facing Financial Hardship Amid Quarantine Lady Gaga Gets Real About Suffering Mental Health Issues: 'It’s The Poetry Of Pain'

The meeting was told that the previous government signed expensive LNG import contracts without any firm demand.These plants have to be run at this capacity even if there are cheaper options available due to such contracts, thus making the electricity unaffordable.

Read full story at thenews.com.pk