ECC okays standard security package documents for private hydropower projects.

ISLAMABAD -- Economic Coordination Committee (ECC) of the Cabinet has approved revised standard security package documents such as implementation agreements (GOPIA), GOP guarantee, power purchase agreement (PPA), water use agreement (WUA) under Policy for Power Generation Projects 2002 for the hydropower projects in the private sector.

According to a statement issued here on Thursday, the ECC chaired by Adviser to the Prime Minister on Finance and Revenue Dr Abdul Hafeez Shaikh also decided in favour of removal/reduction of regulatory duty on the smuggling prone items, including fabric, sanitary ware, LED/TVs, padlocks, blankets, electorodes etc.

The ECC also took up five proposals for technical supplementary grants...