ISLAMABAD – Pakistan government to shutdown old expensive power plantsacross the country.
On Wednesday, the special assistant to Prime Minister on Petroleum, NadeemBabar, briefed the National Assembly’s standing committee on privatizationthat the government intends to shut down older power plants that havereached their retirement age.
Nadeem Babar said that power plants of GENCOS have proved to be the mostexpensive power plants. Babar also suggested that more companies should beestablished for generating and supplying electricity.
In an effort to bring electricity tariffs down, the government has decidednot to renew the license of Independent Power Producers (IPPs). The movewill reduce power tariffs up to Rs. 1 to Rs. 1.5.
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The standing committee was informed that power companies in the rest of thecountry will supply electricity on a co-operating basis just like KhyberPakhtunkhwa (KPK).
The government is all set to begin the privatization process for LahoreElectric Supply Company (LESCO), Petroleum Advisor briefed the committee.Regarding the transmission of electricity in the previous years, Babar toldthe committee that 19,000 MW electricity was transmitted in July 2018.
