Govt body to review KESC privatisation

KARACHI - Federal government is likely to constitute a committee under the supervision of federal law minister, Farooq Naek, to review the privatisation of the KESC, The Nation learnt from its sources. The privatisation of the company is being largely criticised by the government and private sectors because since then KESC is facing huge financial deficit and its generating ability has also been reduced, said the sources. It is worth mentioning here that the company has failed to invite any investment in the generating and distribution sector. "The only concern for the management is to draw hefty salaries and turn deaf ear towards the plight of the sufferings of citizens", sources added. "Not a single penny has been invested in this regard. If substantial steps are not taken immediately, energy crisis will further worsen in the coming years. The situation has taken an alarming turn for last few years but it is surprising that concerned authorities have not adopted any measure to improve the situation", a KESC official told on condition of anonymity. The growing population of Karachi aggravated the present energy crisis in the city as the electricity being supplied to the metropolis is insufficient to meet its needs. The city is house to almost 18 million people and its electricity consumption exceeds 2,400 MW. The company needs to install 250 MW power generation plant every year to meet the growing energy need of the city, which is increasing at the rate of 10 per cent each year. If no concrete steps were taken in this regard, the city would be indulged into deep power crisis. Huge salaries and allowances of the KESC officials speak volumes about the seriousness of the new management of the company to address the power crisis. "The company is now demanding unfair tariff rates without any improvement in power production and distribution. We were paying Rs 2,000 as our electricity bill. Now, we would be paying twice of the previous amount", said a citizen. Meanwhile, the city is once again haunted by 6-8 hours loadshedding on rotational basis.

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