Loadshedding to be cut by 33pc, assures Gilani

Prime Minister Syed Yousuf Raza Gilani has said that the government would give Rs116billion to the power sector to end circular debt and meet the crisis.During a press conference after the conclusion of the energy moot today, the PM said the Rental Power Plants (RPPs) would produce 550 megawatts energy, while the 10 IPPs that are in the pipeline would generate around 300MW power.He said that around 1300MW electricity would be conserved under the new energy policy. He said that the announced loadshedding would be cut by 33 percent while vowed to do away with the unannounced outages.He added that the renewable energy resources would be utilized such as water, air and solar energy to meet the demands. The PM said that Public Sector Energy Fund would be created. Two holidays a week from July 31: Raja Pervez AshrafTwo holidays a week from July 31: Raja Pervez Ashraf Minister of Water and Power Raja Pervez Ashraf said that the government has decided to allow two holidays a week, he, however added that it would be implemented from July 31.He said that the marriage halls be provided electricity just for three hours a day, adding that the ACs would not be switched till 11:00am.