*Meeting of the Cabinet Committee on Energy (CCOE)*
Islamabad: A meeting of the Cabinet Committee on Energy (CCOE) was held under the Chairmanship of Federal Minister for Planning, Development, and Special Initiatives Asad Umar here in Islamabad on Monday.
The Cabinet Committee on Energy discussed the summary of comprehensive Circular Debt Management Plan (CDMP) 2021 which covers the three year period from FY2020-21 to FY2022-23 and describes the mechanisms and initiatives to address the issue and suggests an action plan to control the flow of Circular Debt with a monitoring matrix. CCoE approved the summary presented by the Power Division to ensure effective management of Circular Debt.
The Committee also discussed the need for fast-tracking action for implementation of Renewable Energy Policy approved by the Government. The Committee directed the Ministry of Energy to expedite action for the auction of renewable energy projects to ensure greater use of renewable energy resources.
The meeting was attended by Minister for Energy Omar Ayub Khan, Advisor to Prime Minister on Finance Abdul Hafeez Sheikh, SAPM on Petroleum Nadeem Babar, Special Assistant to PM on Power Revenue and official of various Ministries/Divisions.