ISLAMABAD: Prime Minister Shaukat Aziz has said that over 3000 megawatts of new private power projects are underway to meet the demand of electricity in the country for domestic, industrial and agricultural consumers. Chairing a high level meeting here at Prime Minister House on Tuesday, he said several public sector thermal, nuclear and hydel power projects are underway to meet the high demand growth due to increase in economic activity in the country.
The Prime Minister said that as a result of the high growth achieved during the last seven years the energy demand of the country has increased and the government is making all out effort to bridge the gap between demand and supply. He said government is focused on expediting the process of power generation considering the fact that energy security is a major global challenge. “Demand assessment and supply optimization would be the key for the success of our efforts,” he stated.
The Prime Minister said that the government’s policies are directed towards facilitating the investors in all the sectors of economy especially power generation. The interest shown by leading investors in power projects and the progress achieved on the time frame of future projects is an encouraging sign reflecting the confidence of the investors on the economic prospects of the country, he added.
Earlier Secretary Water and Power and Managing Director Private Power and Infrastructure Board in a presentation gave an over view of the progress on upcoming private and public power projects. The meeting was apprised that in addition to KESC which has planned to increase its capacity, the private sector projects with a total capacity of about 2500 megawatts would be completed between 2008 and 2010. It was mentioned that several public sector projects are also in the pipeline while negotiations are underway for the import of 1000 megawatt electricity from Iran. Federal Minister for Water and Power Liaquat Ali Jatoi, Secretary Finance, Secretary Petroleum, Chairman NEPRA, representative of private power projects and senior officials also attended the meeting.-SANA