A meeting of the Cabinet Committee on Energy was held in Islamabad with Minister for Planning, Development and Special Initiatives Asad Umar in the chair.
The meeting was apprised about the progress on the formulation and approval of the Renewable Energy Policy and the introduction of competitive bidding process for the entry of new producers in the renewable energy sector of Pakistan.
The CCOE directed the Power Division to expedite the process and report back to the committee. The committee also approved the proposals of the Ministry of Power regarding the placement of various project companies in their respective categories on the basis of already specified criteria. The CCOE also reviewed steps being taken regarding the governance improvement of the power sector.
Ministers for Railways, Energy, Maritime Affairs, Finance Advisor, Special Assistant on Petroleum, and officials from the Power, Petroleum, Finance, Maritime Division and NEPRA were also present in the meeting.