Special Assistant to the Prime Minister on Power and Petroleum Tabish Gauhar. Dawn/File
LAHORE: The PTI government’s strategy to cap the flow or the addition of new stock of the power sector’s circular debt in the next two years has ‘too many variables and moving parts’, which need to be implemented concurrently for the success of the proposed plan.
The government has formulated the Circular Debt Management Plan with the assistance of the World Bank as a prior action for the resumption of the IMF’s $6 billion facility. But the plan has not yet been shared with the public even though some details were leaked to the media weeks ago.
Top Story
April 9, 2021
ISLAMABAD: The government will neither privatize its all electric power distribution companies (DISCOs) nor sell out their shares as well, rather it will hand over management of every company and outsource the high losses feeders to the private sector.
“This will ensure to make DISCOs efficient by scaling down losses and increasing the recovery of the billed electricity to consumers to make the power sector sustainable.”
Special Assistant to the Prime Minister on Power and Petroleum Mr Tabish Gauhar disclosed this to The News in an interview here on Thursdays. SAPM also touched upon the issues like the circular debt management plan shared with IMF that alarmingly ballooned in last two and half years, and capacity payments trap causing increase in tariff and undertaking given to IMF to make power sector sustainable coupled with the issue of more surges in tariff in years to come to cope with losses. He too updated the situation emerged out of NAB fears
No privatisation, no sale of DISCOs shares
Top Story
April 9, 2021
ISLAMABAD: The government will neither privatize its all electric power distribution companies (DISCOs) nor sell out their shares as well, rather it will hand over management of every company and outsource the high losses feeders to the private sector.
“This will ensure to make DISCOs efficient by scaling down losses and increasing the recovery of the billed electricity to consumers to make the power sector sustainable.” Special Assistant to the Prime Minister on Power and Petroleum Mr Tabish Gauhar disclosed this to The News in an interview here on Thursdays. SAPM also touched upon the issues like the circular debt management plan shared with IMF that alarmingly ballooned in last two and half years, and capacity payments trap causing increase in tariff and undertaking given to IMF to make power sector sustainable coupled with the issue of more surges in tariff in years to come to cope with losses. He too up
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