Previously, various federal and provincial entities responsible for energy matters undertook planning independently.

Pursuant to this decision, collaborative and cohesive planning shall be implemented with respect to the energy requirements, consumption patterns, and production capacities of both provincial and federal governments.

To facilitate comprehensive energy planning nationwide, a dedicated secretariat shall be established within the Power Division's institution, the  Power Planning & Monitoring Company (PPMC).

Consequently, all planning activities will henceforth be executed in a unified manner through a single entity and location.

This resolution will furnish policy-formulating institutions with robust and integrated support.

During the Cabinet Committee's session, the Power Division has been entrusted with this mandate.

The Power Division will thereby benefit from enhanced capabilities in national energy planning, encompassing the advancement of all energy sources, with particular emphasis on green energy initiatives.

In addition, the Cabinet's Energy Committee has accorded another momentous historical endorsement today.

A consequential determination has been reached regarding electricity wheeling within the country, thereby laying the foundation for the inception and advancement of a competitive energy market.

In accordance with this decision, approvals have been extended to the competitive bidding process, participant engagement, and other pertinent aspects.

This encompasses authorization for the Competitive Trading Bilateral Contract Market (CTBCM) framework pertaining to electricity auctions.

Consistent with the government's pledges, no further electricity procurement agreements shall be entered into.

The government has formally disengaged from electricity procurement activities. Subsequent to this decision, the competitive bidding procedure for 800 megawatts shall be initiated.

The aforementioned competitive process has been designed with transparency to maximize stakeholder participation.

Oversight of the auction has been delegated to the Independent System and Market Operator (ISMO), an entity under the Power Division.