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ISLAMABAD: Federal Minister for Energy, Sardar Awais Ahmad Khan Leghari, said on Sunday that the government is taking all possible steps to lower power tariffs and safeguard consumer rights.

Talking to a private news channel, he highlighted efforts to reduce the cost of electricity production, adding that the government is currently reviewing agreements with power plants and independent power producers (IPPs) through mutual understanding.

He noted that the power sector is struggling with several issues and urgently needs reforms, particularly regarding IPP contracts.

Rebasing of electricity tariffs likely from Jan 1

The burden of circular debt and high interest rates is significantly affecting consumers, he added.

In response to a question about profit from power plants, he stated that all power plants would have to revise their profit plans to benefit consumers.

Providing affordable electricity to the industrial sector is also a key focus of the government, he added.

He reiterated that the main reasons behind increasing electricity prices are the lack of strategic planning, the burden of circular debt, and high interest rates on consumers.

He said that the government was embarking on a major renegotiation of its energy sector deals with China, aiming to achieve more sustainable and cost-effective energy for the country.

“The focus of this review is on two key areas, debt reporting and coal sourcing,” he added.

Comments

Comments are closed.

KU Oct 07, 2024 09:54am
You've said that already few weeks ago, nothing has changed, especially the IPPs plunder.
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Xavier Oct 07, 2024 11:24am
The KE should be Buried once and for All. It's a CURSE for the poor people of Karachi.
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T Oct 07, 2024 12:09pm
Awais has been saying this for quite a while, until after pmln is gone we will keep hearing it without any practical step.
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Jadoon mak Oct 07, 2024 02:20pm
They can do nothing except giving false statements because they r fake powers of pakistan original power is d imf so don't argue wd pak government
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Pakistani Oct 07, 2024 02:49pm
Kapco PPA expired few years ago. There is no contract to terminate. PPAs of few others have also expired. Govt needs to get serious and focus on those companies with existing PPAs.
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Jamshed Oct 07, 2024 02:57pm
When dear When We kept on listening But zero result untill now.
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Ahmed Oct 07, 2024 05:36pm
Pakistan is just depending on electricity and gas payments, how they will reduce the cost of electricity? Industries are almost shifted to countries like Philippines, Indonesia & Bangladesh.
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Weenab Oct 07, 2024 06:58pm
They are delaying waiting to winter comes and 50% consumers bills automatically reduced and they gain 6 months more. Nothing else. They still thinking people's are cows..
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