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Immediate closure of low-efficiency power plants generating 1,794 MW

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APP61-16 ISLAMABAD: September 16 Prime Minister Imran Khan chairs a meeting on reforms in the electricity sector. APP

ISLAMABAD, September 16 (APP): Some underperforming power plants generating 1,794 megawatts of electricity are shut down immediately, followed by the shutdown of more of these 1,875 MW plants and the privatization of others of 1,872 MW in the next two years .

This was said at a high-level meeting on electricity sector reforms held here on Wednesday with Prime Minister Imran Khan in the presidency.

Federal Ministers Senator Shibli Faraz, Asad Umar, Umar Ayub Khan, Muhammad Mian Soomro and Dr Muhammad Farogh Naseem, Financial Advisor Dr Abdul Hafeez Sheikh, special assistants Lt Gen Asim Saleem Bajwa, Nadeem Babar, Shehzad Qasim and Dr Shehbaz Gill, secretaries of relevant ministries and other senior officials were present.

The meeting discussed in detail the issue of circular debt, power sector reforms as well as a roadmap to move forward the issues agreed with independent power producers (IPPs).

The participants also had a detailed discussion on improving the performance of various electricity distribution companies (DISCO).

The Prime Minister, in his remarks on the occasion, said that the people face the full burden of past decisions regarding the power sector, mismanagement, corruption, etc.

Stressing the importance of advancing the issues agreed with the PPIs, he said circular debt reduction would directly benefit the masses.

The prime minister said the government is working to make the public subsidy system transparent and fair as a priority.

He called for the swift finalization of the energy sector subsidy system reforms so that deserving and poor people can be helped through a transparent and coordinated system.

The prime minister said that with the reform process in the energy sector being the government’s top priority, meetings to review progress in this regard will be held weekly.

He ordered that the masses be regularly updated on matters relating to the electricity sector.

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