Power companies: Obstacle to sell-off plan identified

Minister for Privatization Daniyal Aziz said on Tuesday that non-determination of multi-year tariff (MYT) by the National Electric Power Regulatory Authority (Nepra) is principal obstacle to the sell-off of power sector companies.

He said that the present government wants to privatize at least one Disco and one Genco in the next few months. Of the Faisalabad Electric Supply Company (FESCO) and Gujranwala Electric Power Company (GEPCO), the government wants to privatize one of them and one generation company Jamshoro power plant. He said that with the increase in power production, the quantum of circular debt will also increase if structural issues of power sector are not resolved.

Published in Business Recorder, 31st January, 2018


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