AGL 34.48 Decreased By ▼ -0.72 (-2.05%)
AIRLINK 132.50 Increased By ▲ 9.27 (7.52%)
BOP 5.16 Increased By ▲ 0.12 (2.38%)
CNERGY 3.83 Decreased By ▼ -0.08 (-2.05%)
DCL 8.10 Decreased By ▼ -0.05 (-0.61%)
DFML 45.30 Increased By ▲ 1.08 (2.44%)
DGKC 75.90 Increased By ▲ 1.55 (2.08%)
FCCL 24.85 Increased By ▲ 0.38 (1.55%)
FFBL 44.18 Decreased By ▼ -4.02 (-8.34%)
FFL 8.80 Increased By ▲ 0.02 (0.23%)
HUBC 144.00 Decreased By ▼ -1.85 (-1.27%)
HUMNL 10.52 Decreased By ▼ -0.33 (-3.04%)
KEL 4.00 No Change ▼ 0.00 (0%)
KOSM 7.74 Decreased By ▼ -0.26 (-3.25%)
MLCF 33.25 Increased By ▲ 0.45 (1.37%)
NBP 56.50 Decreased By ▼ -0.65 (-1.14%)
OGDC 141.00 Decreased By ▼ -4.35 (-2.99%)
PAEL 25.70 Decreased By ▼ -0.05 (-0.19%)
PIBTL 5.74 Decreased By ▼ -0.02 (-0.35%)
PPL 112.74 Decreased By ▼ -4.06 (-3.48%)
PRL 24.08 Increased By ▲ 0.08 (0.33%)
PTC 11.19 Increased By ▲ 0.14 (1.27%)
SEARL 58.50 Increased By ▲ 0.09 (0.15%)
TELE 7.42 Decreased By ▼ -0.07 (-0.93%)
TOMCL 41.00 Decreased By ▼ -0.10 (-0.24%)
TPLP 8.23 Decreased By ▼ -0.08 (-0.96%)
TREET 15.14 Decreased By ▼ -0.06 (-0.39%)
TRG 56.10 Increased By ▲ 0.90 (1.63%)
UNITY 27.70 Decreased By ▼ -0.15 (-0.54%)
WTL 1.31 Decreased By ▼ -0.03 (-2.24%)
BR100 8,605 Increased By 33.2 (0.39%)
BR30 26,904 Decreased By -371.6 (-1.36%)
KSE100 82,074 Increased By 615.2 (0.76%)
KSE30 26,034 Increased By 234.5 (0.91%)

Prime Minister Shahid Khaqan Abbasi has directed Power Division and Petroleum Division to formulate a roadmap to reduce usage of thermal power sources and promote use of natural gas and domestic coal for energy production. While chairing the first meeting of the Cabinet Committee on Energy, the Prime Minister not only received a briefing but also underlined the need for achieving a balanced energy mix.
"Our government is striving to achieve a balanced mix for the country''s energy requirements," he said and directed that maximum utilization of Thar coal reserves must be ensured to provide affordable energy to consumers. Abbasi also directed the Water Resource Division to work on planning for water storage projects on fast track. "There is no room for non-optimal solution in our energy framework," he said.
An official said that establishment of Energy Ministry was a reflection that the Prime Minister wants to have full control over decision-making in power sector to deal with the challenge of load-shedding. The new Prime Minister''s priority would be to do away with the load-shedding well before the end of 2017. Minister of State for Power Abid Sher Ali, Minister of State for Petroleum Jam Kamal Khan and senior officials attended the meeting.
Secretary Power Division and secretary Petroleum Division briefed the Prime Minister on energy sector projects and load management plan. The Prime Minister said that the sole objective of distribution of work among ministries is that water security is an important concern and a dedicated ministry for water resources was required to handle these issues and cater for improved management of water resources. He further said that "a separate ministry was essential."
About creation of Ministry of Energy, Abbasi stated that it was necessary to remove firewalls between the petroleum and power sectors which are otherwise linked to a common objective of energy security in Pakistan.

Comments

Comments are closed.