Government to inject Rs50bn for smooth power supplies
ISLAMABAD: Amid subdued growth in electricity demand, the government on Tuesday decided to inject another Rs40-50 billion in the power sector to ensure seamless energy supplies during the upcoming summer, particularly Ramazan – both falling in close proximity of general elections.
A two-day meeting of the Cabinet Committee on Energy (CCoE) presided over by Prime Minister Shahid Khaqan Abbasi on Monday reviewed the overall electricity and demand situation.
The meeting was told that Rs53bn out of Rs80bn was approved by the cabinet earlier this month for the power sector had reached the fuel suppliers and independent power producers, improving their cash flows while the remaining funds were adjusted against debt rollovers and interest payments of the power sector.
Published in Dawn, 4th April, 2018