PM approves new energy policy
PM Nawaz Sharif will announce new energy police after returning from his visit to China.
ISLAMABAD (Dunya News) - A meeting headed by Prime Minister Nawaz Sharif here on Friday approved the new energy policy.
Addressing the meeting PM Nawaz Sharif said said that people and economy had suffered a lot due to crippling power crisis and it is high time that prudent and consistent policies were pursued to come out of this morass.
The meeting discussed the broad contours of new energy policy and analyzed the minute details threadbare.
The meeting also decided that the new power policy would be announced shortly by the Prime Minister.
According to draft of the policy, circular debt would be ended immediately while payments for furnace oil would be made within 60 days while cost of electricity generation and transmission losses would be reduced.
Import of electricity from Iran would be continued and new agreements would be signed to import energy from Turkmenistan and India.
Meanwhile, increase in price of gas for all sectors excluding domestic consumers is also part of the draft of new energy policy.
The supply of gas to CNG sector would be stopped in phases and would be provided to power sector.
Moreover, priority would be given to the construction of hydal, coal and biogas power projects.
