AIRLINK 164.00 Decreased By ▼ -1.36 (-0.82%)
BOP 10.58 Increased By ▲ 0.19 (1.83%)
CNERGY 8.40 Increased By ▲ 0.57 (7.28%)
FCCL 47.24 Increased By ▲ 1.59 (3.48%)
FFL 15.30 Increased By ▲ 0.18 (1.19%)
FLYNG 26.45 Decreased By ▼ -0.03 (-0.11%)
HUBC 137.19 Increased By ▲ 1.91 (1.41%)
HUMNL 12.99 Increased By ▲ 0.14 (1.09%)
KEL 4.30 Increased By ▲ 0.11 (2.63%)
KOSM 5.63 Increased By ▲ 0.16 (2.93%)
MLCF 60.80 Increased By ▲ 1.37 (2.31%)
OGDC 215.60 Increased By ▲ 2.53 (1.19%)
PACE 5.54 Increased By ▲ 0.13 (2.4%)
PAEL 41.89 Decreased By ▼ -0.12 (-0.29%)
PIAHCLA 17.65 Increased By ▲ 0.60 (3.52%)
PIBTL 10.22 Increased By ▲ 0.29 (2.92%)
POWER 11.88 Increased By ▲ 0.09 (0.76%)
PPL 174.68 Decreased By ▼ -0.11 (-0.06%)
PRL 35.65 Increased By ▲ 1.29 (3.75%)
PTC 22.95 Increased By ▲ 0.25 (1.1%)
SEARL 95.08 Increased By ▲ 1.33 (1.42%)
SSGC 36.47 Increased By ▲ 0.36 (1%)
SYM 14.00 Increased By ▲ 0.52 (3.86%)
TELE 7.27 Increased By ▲ 0.15 (2.11%)
TPLP 10.25 Increased By ▲ 0.04 (0.39%)
TRG 61.93 Increased By ▲ 1.00 (1.64%)
WAVESAPP 10.39 Increased By ▲ 0.11 (1.07%)
WTL 1.31 Increased By ▲ 0.03 (2.34%)
YOUW 3.72 Increased By ▲ 0.02 (0.54%)
BR100 12,388 Increased By 74.4 (0.6%)
BR30 36,995 Increased By 487.9 (1.34%)
KSE100 115,532 Increased By 623 (0.54%)
KSE30 35,662 Increased By 120.4 (0.34%)
Markets

PM Shehbaz calls for immediate shutdown of inefficient power plants, pushes for renewables

  • Statement from PM's Office says premier wants reforms in power sector expedited
Published December 13, 2024

Prime Minister Shehbaz Sharif has called for an immediate shutdown of inefficient power plants while emphasising the need for a further reduction in electricity tariffs for consumers, according to a statement issued by the premier’s office.

Presiding over a review meeting on the power generation projects and the power sector in Pakistan, PM Shehbaz issued directives to ensure all measures related to power sector reforms are completed within the stipulated timeline.

According to a statement released by the PM’s Office on Friday, during the meeting, the participants were briefed on proposed new power projects, progress on ongoing projects, and the reforms underway in the electricity sector.

Outsandings against provincial depts/entities: Power minister seeks CMs’ intervention for recovery

The prime minister was given an update on the progress regarding the decommissioning of inefficient power plants.

“These outdated power plants should be shut down immediately,” he said.

“The closure of such plants will not only save valuable foreign exchange spent on fuel imports but also reduce electricity costs for consumers,” he emphasised.

PM Shehbaz directed authorities to take immediate action against officials deliberately obstructing power sector reforms. “The implementation of ongoing reforms in the power transmission system should be expedited,” he said.

The meeting also reviewed the current demand and capacity of electricity and progress in reforms within the transmission system.

Discos’ sell-off: Power Division fails to satisfy Senate panel

“Only low-cost electricity projects should be prioritized in the future,” stated PM Shehbaz, adding that local resources should be given priority for power generation projects.

The premier was also briefed on the progress of ongoing hydropower projects across the country. “Hydropower projects provide low-cost, eco-friendly electricity to consumers,” he said.

KE FCA for October: Nepra to approve Rs0.27/unit negative adjustment

Talking about renewable energy, the prime minister directed that the current electricity capacity should also be converted to solar energy. “Solar energy, an eco-friendly and low-cost source of electricity, is being utilized worldwide. Pakistan is fortunate to have vast potential for solar energy,” he said.

Federal Ministers Ahad Khan Cheema, Sardar Awais Khan Leghari, Dr Musadik Malik, Minister of State Ali Pervaiz Malik, and other senior officials participated in the meeting.

Comments

200 characters