PESHAWAR: (APP) Chief Minister Khyber Pakhtunkhwa Pervez Khattak has directed to move a summary to Council of Common Interest (CCI) containing recommendations of the provincial government to safeguard its interests in gas sector .
He was presiding over a meeting at CM Secretariat here Thrusday in which Chief Secretary, Amjad Ali Khan, administrative secretaries of concerned departments, Chief Executive Officer KP Oil & Gas Company and other concerned officials were also present.
The meeting was told that federal government had decided unilaterally unbundling of SNGPL / SSGC ignoring the consent of provinces through Economic Coordination Committee.
Federal government has also hired World Bank to make the whole process credible. It was also revealed that according to the proposed unbundling structure by federal government, there would be one national company for transmission while four distribution companies at provincial level.
Resultantly financial losses would be compensated out of provincial royalties which was totally against the interest of the province.
The meeting proposed that exploration, production, transmission and distribution should be under single company controlled at provincial level through a cohesive system. The meeting was further told that government of Khyber Pakhtunkhwa has 32% and 53% shares in SNGPL and SSGCL respectively giving them legal power to have its own company.
The Chief Minister said we have to act quickly to safeguard the interests of the province at CCI the constitutional forum for protecting our rights and interest. The Chief Minister made it clear that his government would never compromise on the rights and interest of the province.
He authorized Khyber Pakhtunkhwa Energy and Power Department to negotiate with federal government and ordered to move a summary in this regard.