Federal govt to provide due share of Net Hydel Profit to provinces: Bakhtiar

ISLAMABAD: Federal Minister for Planning, Development and Reform Makhdum Khusro Bakhtiar on Friday said that the incumbent government is committed to give due share of Net Hydel Profit (NHP) to provinces, ARY News reported.

While chairing a meeting on Net Hydel Profit here at Islamabad on Friday, the minister said that the government would ensure implementation of Council of Common Interests (CCI) decision to resolve all outstanding issues regarding determination of NHP.

The meeting deliberated upon the way forward for determining the share of NHP which is required to be paid to the province where a hydel power station is located as per provision of the Constitution stipulated under Article 161 (2).

The minister called for examining the case in detail and constituted a sub-committee comprising all the stakeholders to present its report/recommendations for implementation of the CCI decision in the matter and for determination of rates/net profits. The sub-committee will submit its report in thirty days.

Advisor to CM KPK on Energy, Secretary Planning Zafar Hasan, Secretary Water Resources, senior officials from Ministry of IPCC, Punjab, KPK were also present in the meeting.