ISLAMABAD: Minister for Energy Hammad Azhar on Monday said the Council of Common Interests (CCI) has approved least cost basis (open competitive bidding) Indicative Generation Capacity Expansion Plan (IGCEP) model.
In a series of tweets, he said the model was pending since 2005.
“IGCEP model that only allows power generation to be added when its; 1) Needed (demand-supply projections) 2) Issues like excess capacity and expensive, non-transparent power contracts will be avoided in the future as a result, ” he said.
He said if such a model had been put in place in the past, the circular debt and many other problems could be avoided.
He said issues like excess capacity and expensive and non-transparent power contracts would be avoided in the future as a result.