Process of comprehensive reforms in power sector kicks off
Business
Power distribution companies will also be privatised
ISLAMABAD (Dunya News) - The process of comprehensive reforms in power sector has initiated due to the excellent strategy of National Task Force.
Apart from Minister for Power Awais Leghari, the task force also includes representation from Army officials and other institutions.
According to the Minister for Power, the task force is taking comprehensive steps for the economic development and betterment of the people through various reforms in the power sector.
These reforms are inevitable as the circular debt of the power sector has reached 9.5 billion dollars.
Awais Leghari says the reforms aim to reduce electricity prices, improve power availability and establish a stable competitive power market.
The Minister for Power states the government has terminated some contracts with the IPPs.
Awais Leghari asserts the government is also working on strengthening the energy infrastructure for better power supply.
He stresses the power distribution companies will also be privatised to improve and bring transparency in power supply.
In addition, he says a new power market structure will be introduced, emphasising this will reduce dependence on a single distributor.
