AIRLINK 189.64 Decreased By ▼ -7.01 (-3.56%)
BOP 10.09 Decreased By ▼ -0.05 (-0.49%)
CNERGY 6.68 Decreased By ▼ -0.01 (-0.15%)
FCCL 34.14 Increased By ▲ 1.12 (3.39%)
FFL 17.09 Increased By ▲ 0.44 (2.64%)
FLYNG 23.83 Increased By ▲ 1.38 (6.15%)
HUBC 126.05 Decreased By ▼ -1.24 (-0.97%)
HUMNL 13.79 Decreased By ▼ -0.11 (-0.79%)
KEL 4.77 Increased By ▲ 0.01 (0.21%)
KOSM 6.58 Increased By ▲ 0.21 (3.3%)
MLCF 43.28 Increased By ▲ 1.06 (2.51%)
OGDC 224.96 Increased By ▲ 11.93 (5.6%)
PACE 7.38 Increased By ▲ 0.37 (5.28%)
PAEL 41.74 Increased By ▲ 0.87 (2.13%)
PIAHCLA 17.19 Increased By ▲ 0.37 (2.2%)
PIBTL 8.41 Increased By ▲ 0.12 (1.45%)
POWER 9.05 Increased By ▲ 0.23 (2.61%)
PPL 193.09 Increased By ▲ 9.52 (5.19%)
PRL 37.34 Decreased By ▼ -0.93 (-2.43%)
PTC 24.02 Decreased By ▼ -0.05 (-0.21%)
SEARL 94.54 Decreased By ▼ -0.57 (-0.6%)
SILK 0.99 Decreased By ▼ -0.01 (-1%)
SSGC 39.93 Decreased By ▼ -0.38 (-0.94%)
SYM 17.77 Decreased By ▼ -0.44 (-2.42%)
TELE 8.66 Decreased By ▼ -0.07 (-0.8%)
TPLP 12.39 Increased By ▲ 0.18 (1.47%)
TRG 62.65 Decreased By ▼ -1.71 (-2.66%)
WAVESAPP 10.28 Decreased By ▼ -0.16 (-1.53%)
WTL 1.75 Decreased By ▼ -0.04 (-2.23%)
YOUW 3.97 Decreased By ▼ -0.03 (-0.75%)
BR100 11,814 Increased By 90.4 (0.77%)
BR30 36,234 Increased By 874.6 (2.47%)
KSE100 113,247 Increased By 609 (0.54%)
KSE30 35,712 Increased By 253.6 (0.72%)

The country is facing load shedding of around 10 to 12 hours in the cities owing to 6,000 MW shortfall between demand and supply with the Ministry of Water and Power not ready to share any details of power shortages facing the country today but conceded that load shedding has increased dramatically during the last few days. Ministry of Water and Power, National Transmission and Distribution Company (NTDC), and National Power Control Center (NPCC) have reportedly strictly prohibited the staff from sharing electricity demand-supply statistics with media, this correspondent was informed in no uncertain terms.
Sources on condition of anonymity however revealed that electricity demand has risen to around 18,000 MW in recent days and generation was about 12,000 MW, reflecting a gap of around 6,000 MW. As a result, load shedding duration has increased from 12 to 14 hours. An official revealed that a shortfall of 1,000 MW in the system was attributable to damage to cooling units of power plants due to floods in Muzaffargarh alone. Another 1,500 MW supply decline was due to a decline in hydel power generation from Tarbela - from 3,500 MW to 2,000 MW.
Sources requesting anonymity however stated that the financial problems of PSO and IPPs was the single most major factor behind the increase in load shedding - an acknowledgement that disproves Ministry of Water and Power''s claim that power sector payables have been reduced to Rs 238 billion from Rs 300 billion. Finance Minister Ishaq Dar who had been heading the committee constituted by the Prime Minister on power sector has failed to improve the financial picture of the power sector through improved efficiencies, sources added. The entire focus of the Finance Ministry as well as Water and Power Ministry is on tariff rationalisation and nothing is being done to deal with the structural issues relating to transmission, distribution and administrative inefficiencies, an official dealing with the sector lamented. He said that the committee''s output is limited to meetings and statements, and the ground reality is that the situation is worsening with time.
The government has committed to the International Monetary Fund (IMF) under the $6.64 billion Extended Fund Facility (EFF) that it would increase tariffs by 0.5 per cent of the GDP, around Rs 145 billion, in the current fiscal year with the objective of minimising subsidies which, sources in the Finance Ministry, has become politically challenging with the growing pressure on the government by Pakistan Tehreek-e-Insaf (PTI) and Pakistan Awami Tehreek.

Copyright Business Recorder, 2014

Comments

Comments are closed.