CCoE approves CTBCM's implementation plan.

ISLAMABAD -- The Cabinet Committee on Energy (CCoE) Wednesday approved the design and implementation plan of the Competitive Trading Bilateral Contract Market (CTBCM) presented by the Power Division.

The Power Division briefed the committee, which met here with Minister for Planning, Development and Special Initiatives Asad Umar, that in the first phase the consumers with a load of 1 MW or above would participate in the competitive market.

"These consumers represent around 16 percent of the total electricity sales. More consumers will be added in the market subsequently when the market stabilizes and matures," it was told.

The committee gave approval of the design principles and implementation plan of the CTBCM.

The Power Division also updated the committee on implementation of the circular debt reduction plan. The...