PESHAWAR - Chief Minister Khyber Pakhtunkhwa Pervez Khattak has directed the KP Energy and Power Department to move a summary in the Council of Common Interests (CCI) containing recommendations of the provincial government for safeguarding the province’s interests in gas sector.

He was presiding over a meeting on unbundling of gas sector by the federal government at Chief Minister’s Secretariat here on Thursday. Chief Secy Amjad Ali Khan, administrative secretaries of concerned departments, Chief Executive Officer, KP Oil & Gas Company and other concerned officials attended the meeting.

The meeting was told that the federal government had decided unilaterally the unbundling of SNGPL/SSGC ignoring the consent of provinces through Economic Coordination Committee. “The process is meant to finance RLNG transmission and LNG imports to Punjab at the expense of other three provinces,” the CM alleged. It was told to the participants that the federal government had also hired the services of World Bank to make the whole exercise credible.

It was also revealed that according to the proposed unbundling, there would be one national company for transmission while four provincial distribution companies.

It was further disclosed that resultantly financial losses would be compensated by deducting money from provincial royalties, which would be totally against the interests 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 the government of Khyber Pakhtunkhwa had 32 percent and 53 percent shares in SNGPL and SSGCL, respectively giving it the legal power to have its own company.

The CM said, “We will have to act quickly to safeguard the interests of the province at CCI------the constitutional forum for protecting our rights and interests.”He made it clear in categorical terms that his government would never compromise on the rights and interests of the province.