ECC allows SSGC to reallocate Rs14.8b to LPG air mix projects

ECC allows SSGC to reallocate Rs14.8b to LPG air mix projects

ISLAMABAD: The Economic Coordination Committee (ECC) Thursday approved a proposal for allowing Sui Southern Gas Company Limited (SSGCL) to reallocate an amount of Rs14.8 billion from RLNG-II pipeline project to LPG Air Mix Projects for their expeditious completion and to ensure uninterrupted supply of gas to domestic and industrial users.
The ECC meeting chaired by Prime Minister Shahid Khaqan Abbasi here at the Prime Minister Office directed the SSGCL to expand setting up of air mix plants in every district of the country.
The ECC approved a proposal for grant of 4-years extension to the Kandra Development and Production Lease. The decision was taken after taking into account various impediments which have hindered the production of recoverable reserves from Kandra gas field and setting up of 120 MW power plant by M/s Kandra Power Company Ltd, which is a subsidiary of M/s Pakistan Exploration Pvt. Ltd.
The ECC also considered the issue of power subsidy for the industrial sector and the payment of Industrial Subsidy Package claims. It was decided to constitute a committee to analyze impact and sustainability of the package.
Considering a request from Ministry of Industries and Production for approval of one-time grant to Pakistan Machine Tool Factory (PMTF) for payment of dues owed to its retired employees, the ECC approved a grant of Rs300 million in the first installment. …APP

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