The Overseas Investors Chamber of Commerce and Industry (OICCI), the collective voice of top foreign investors in Pakistan has proposed liberalization and transformation of the monopolistic power market into a multi buyer-seller marketplace considering that the exclusivity to sell/distribute power for DISCO’s is scheduled to terminate in 2023. This will create options for power purchasers as well as producers to enter bilateral deals i.e., energy sale via B2B mode through a fair and transparent wheeling regime.
OICCI, while unveiling the salient features of its ‘OICCI Energy Recommendations 2021’ at a media launch with senior journalists in Islamabad said that OICCI Energy Recommendations 2021 focuses on implementing an efficient and cost-effective energy supply chain while increasing the share of green energy sources to meet the environment and sustainability milestones.
The detailed recommendations have recently been presented to the Ministry of Energy and other relevant stakeholders. Highlighting the key elements, OICCI Vice-President, Ghias Khan, emphasized that “OICCI’s proposed recommendations are the collective view of leading energy sector professionals associated with OICCI members.
We are confident that the proposed recommendations will be instrumental in GOP’s continued endeavor towards reforming the overall energy sector and bringing it to par with international standards. These steps shall also be indispensable in meeting the growing energy demand in the...
Read Full Story: https://www.techjuice.pk/oicci-recommends-bold-policy-measures-for-longer-term-energy-sector-reform-in-pakistan/
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