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Industry being exempted from loadshedding

Ministry of Water and Power has directed all Distribution Companies (Discos) to exempt industry from load-shedding with a view to ensuring capacity output with the objective of significantly contributing to exports. This decision has been taken on the directives of Prime Minister Nawaz Sharif who has been approached by the industrial sector through different channels.

"Discos have been directed to immediately implement the plan," said an official statement issued by the Ministry of Water and Power. Ministry of Water and Power remains incapable of preparing any viable plan for the power sector''s improvement. The decision would be effective till the canal closure end of December when hydel generation declines. ''The decision will deprive domestic consumers of their right to electricity, said an official close to Secretary Ministry of Water and Power'', on condition of anonymity. During winter, areas under the jurisdiction of Discos are expected to face up to 18 hours load-shedding like previous years as the shortfall will be around 7000 MW from the last week of December.

However, the official statement claims that Discos have further been directed to implement a load management plan for domestic consumers during the winter season which would minimise load shedding. The Discos will implement the load management plan according to their own worked-out schedule. According to the official, Pakistan State Oil (PSO), which is responsible for supplying furnace oil to the power sector, has sought Rs 35 billion immediately from the Government of Pakistan (GoP) to ensure furnace oil supply in winter.

Water and Power Ministry maintains that the decision of uninterrupted power supply to industry has been taken in the wake of increased industrial activity especially due to grant of GSP plus status by the European Union (EU) which has considerably enhanced the country''s textile exports.

Copyright Business Recorder, 2014



 



 
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Banking Review 2013


Annual2013/14
Foreign Debt $61.805bn
Per Cap Income $1,386
GDP Growth 4.14%
Average CPI 8.6%
MonthlySeptember
Trade Balance $-2.380 bln
Exports $2.181 bln
Imports $4.561 bln
WeeklyNovember 13, 2014
Reserves $13.268 bln