Circular debt: Nepra directed to ensure accuracy & integrity of data

The Cabinet Committee on Energy (CCoE) directed the National Electric Power Regulatory Authority (NEPRA) to ensure the accuracy and integrity of data on circular debt.
Federal Minister for Planning, Development and Special Initiatives Asad Umar chaired a meeting of the CCoE, here on Friday.
The committee also directed the concerned authorities to regularly report the implementation progress on the introduction of competitive bilateral trading market system in Pakistan's energy market.
The CCoE reviewed the progress of the Central Power Purchasing Authority (CPPA) on the introduction of a new competitive trading-based energy market.
The committee was informed that various actions required for the development and introduction of new market system are being undertaken as per the given timelines.
The CPPA also briefed the CCoE on the next steps in the process.
While emphasizing the timely completion of the reform process, the CCoE directed the authority to ensure that inputs from all the stakeholders including the current participants in the energy market are received.
The CCoE was apprised that sufficient stocks of all petroleum products were available in the country, however, due to the pandemic; petroleum products have witnessed a sharp decline in demand.
The CCoE asked the relevant ministry to take necessary steps to enhance the national storage capacity of petroleum products.
Federal Minister for Railways Sheikh Rasheed, Advisor on Finance Hafeez Shaikh, Federal Minister for Petroleum Omar Ayub, Minister for Maritime Affairs Ali Zaidi, and SAPM on Petroleum Nadeem Babar were also present.