Circular debt at Rs573 billion, influential people major defaulters

ISLAMABAD: The Ministry of Energy (Power Division) acknowledged on Tuesday that the circular debt had reached Rs573 billion – a massive amount that undermines efforts made to improve power production and transmission.

Briefing the Senate special committee on circular debt, chaired by Shibli Faraz, the joint secretary of Power Division said out of the circular debt of Rs573 billion, running defaulters, who were very influential, had to pay Rs348 billion. He said the cost of electricity generation was Rs8.52 per unit from March to July 2018 whereas consumers paid Rs11.9 per unit.

Published in The Express Tribune, 30th May, 2018