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ISLAMABAD: National Coordination Committee on Foreign-Funded Projects (NCC-FFP) reviewed the progress and implementation of power sector projects.
Federal Minister for Economic Affairs Makhdoom Khusro Bakhtiar and Federal Minister for Energy Omar Ayub Khan co-chaired the meeting of the committee. Secretary Economic Affairs Division Noor Ahmed. representatives of PM’s Office, Finance Division, and provincial departments also attended the meeting.
According to a statement by the Economic Affairs Division, the NCC reviewed the compliance status of decisions made in the previous meeting held on 5th November, 2020.
The meeting was informed that 14 foreign-funded projects including power generation, transmission and distribution amounting to $3,418 million with the support of development partners including Asian Development Bank, World Bank, Islamic Development Bank are under implementation.
Minister Khusro Bakhtiar lauded the efforts of Power Division for removal of bottlenecks hampering smooth implementation of foreign-funded projects in the energy sector.
He further highlighted that the government is focusing on energy sector reforms and energy efficiency through production of renewable and clean energy at affordable prices, development of reliable transmission system and improved distribution network.
Minister Omar Ayub Khan directed the line departments of Power Division to convey course of action along with timelines for prompt redressal of remaining issues and expedite the implementation of energy sector projects.
He informed the forum that the Power Division is regularly monitoring the progress of foreign-funded projects. He said that these projects are significant to achieve the strategic objectives including provision of affordable electricity, transmission efficiency and modernisation and enhancement of distribution system of the country.
Both ministers directed the relevant officials to expedite implementation of the energy sector projects which are imperative for sustainable economic growth of the country.