Muhammad Omar
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Prime Minister Nawaz Sharif chairing the 4th meeting of the Cabinet Committee on Energy. PHOTO: PID
ISLAMABAD: The government on Tuesday decided to replace GENCOs and furnace oil-based independent power producers (IPPs) with gas-based or coal-fired plants.
In order to avoid dependence on one fuel, the meeting agreed for the diversification of fuel.
The decision was taken during a meeting of the Cabinet Committee on Energy, chaired by Prime Minister Nawaz Sharif, in Islamabad on Tuesday.
The implementation status of ongoing projects as well as the status of receivables and circular debt was also reviewed during the meeting.
Participants of the meeting were informed that due to better management Ministry of Water and Power had saved Rs27 billion in power sector in last one month which will be helpful in giving relief to the consumers in near future.
The government will progressively reduce load shedding through more generation and better management, said Nawaz.
The premier was also briefed about the Qatari interest in investing in pipelines and gas-based power plants.
Duty free import of Solar Panels
Acting on the report of Alternate Energy Board regarding low manufacturing capacity of solar panels in Pakistan and recommendations of the Committee headed by Finance Minister Ishaq Dar, prime minister approved duty free import of solar systems/ panels in the private sector.
Necessary instructions have been issued by FBR to all customs collectorates.
Federal Minister for Finance Ishaq Dar, Punjab Chief Minister Shahbaz Sharif, Federal Minister for Petroleum Shahid Khaqan Abbasi, Federal Minister for Planning Ahsan Iqbal, Federal Minister for Railways Khawaja Saad Rafique, Federal Minister for Water and Power Khawaja Asif, Minister of State for Petroleum Jam Kamal Khan, Minister of State for Water and Power Abid Sher Ali, Advisor to PM on National Security Sartaj Aziz and Special Assistant to PM on Foreign Affairs Tariq Fatemi were also present during the meeting along with other senior government officials.
