PM stresses priority on low-cost power projects;reduce power tariffs

By Staff Reporter

ISLAMABAD : Prime Minister Shehbaz Sharif directed the authorities on Friday to further reduce power tariffs and expedite the implementation of the action plan for future power generation projects.

Chairing a meeting in Islamabad to evaluate and discuss the country’s future electricity and power plans, the prime minister stressed the need to prioritise low-cost power projects based on local resources.

PM Shehbaz said that low-cost power projects produced environment-friendly and affordable electricity.

He further directed that the current electricity generation capacity should also be shifted to solar energy.

“Globally, electricity is being produced from environmentally friendly, low-cost solar energy,” he noted, adding that Pakistan was fortunate in this regard as the country had vast potential for solar energy.

The prime minister was informed about the progress of ongoing hydropower projects across the country and was also briefed on the progress of phasing out inefficient power plants that consumed more fuel but produced less electricity.

He ordered the immediate closure of such outdated power plants, adding that closing them would not only save valuable foreign exchange but also reduce electricity costs for consumers.

The premier instructed that immediate action be taken against all officials deliberately obstructing reforms in the power sector and that reforms in the electricity transmission system be expedited.

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