ISLAMABAD: Prime Minister Nawaz Sharif on Monday directed to ensure timely completion of ongoing power projects adding that he will himself monitor the progress on power projects on a regular basis.
The Prime Minister stated this in a meeting in which Federal Secretary Water and Power briefed the Cabinet Committee. The Secretary Water and Power briefed the meeting that Year 2015 remained the most stable as well as the best period for generation of power during the last ten years due to lowest line losses in terms of technicalities and recovery. There was 5.8% reduction in the AT&C losses during the Year due to better monitoring and robust strategy to eliminate corruption and leakages.
The Prime Minister was informed that Rs 51 billion increase was noticed in recoveries while Rs10 billion were saved due to decrease in the line losses. There are sufficient fuel stocks in the country. Facilities provided to new Independent Power Producers (IPPs) last year will help generate 12,000 MW electricity, he added.
The meeting was also informed that 9,090 megawatt additional electricity will be added to the grid by end of next year.
Significant addition of electricity to national grid will not only minimize loadshedding, but will also greatly contribute to economic and infrastructure development, he said.
The meeting was attended by Minister for Finance Mr. Muhammad Ishaq Dar, Chief Minister Punjab Mr. Muhammad Shahbaz Sharif, Minister for Petroleum Mr. Shahid Khaqan Abbasi, Minister for Planning Mr. Ahsan Iqbal, Minister for Water & Power Khawaja Muhammad Asif and other senior officials.