President Asif Ali Zardari has convened a meeting on Monday (today) of energy sector's stakeholders to evolve a strategy in order to overcome power shortage, reportedly surged to 6,000 megawatts (MW), in the country. Officials at the president's office and in the power distribution companies confirmed on Sunday that the meeting would take place.
The meeting is taking place at the time when the gap between the electricity generation and demand has surged to 6,000 megawatts (MWs), a level, which had never been witnessed in the past.
The long painful hours of power cuts of summer have started frustrating household consumers and damaging an already crumbling industry and the situation may trigger political unrest if no corrective measures were taken.
High ups of Pakistan Electric Power Company (Pepco), Independent Power Producers (IPPs), Water and Power Development Authority (Wapda), Pakistan State Oil (PSO) and Distribution Companies (Discos) and Water and Power Minister Syed Naveed Qamar and high ups from the petroleum ministry are likely to attend the meeting.
The shortfall is largely attributed to the government's inability to pay what is known as circular debt due to which the state-run PSO stopped supplying fuel to generation companies recently.
There are, however, little hopes that any significantly decision could be taken at the meeting because the government was already facing a financial crunch and the international fuel prices were surging due to political unrest in oil-producing countries in the Gulf.
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