ECC amends Nepra Act

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ISLAMABAD: The Economic Coordination Committee (ECC) on Monday approved amendmends in Regulation of Generation, Transmission and Distribution of Electric Power Act, 1997 which will be presented in the parliament. A session of the Economic Coordination Committee (ECC) held under the chair of Adviser to the Prime Minister on Finance Dr Abdul Hafeez Sheikh has concluded where the members gave approval to the amendments in Generation, Transmission and Distribution of Electric Power Act, 1997, sources said. The amended Nepra Act will be presented by the Ministry of Power in the parliament for its final approval. During the session, ECC members have also removed legal flaws from the amendments in the act. Sources said that the National Electricity and Power Regulatory Authority (Nepra) has been given authorities for allocated electricity tariff under the new regulations. Earlier on December 30, the Economic Coordination Committee (ECC) had approved the withdrawal of regulatory, customs duty and additional customs duty on imported cotton. The decision was taken in a meeting of ECC, held in Islamabad, with Advisor to Prime Minister on Finance and Revenue, HafeezShiekh in the chair.