Power sector reforms will be completed within eight months: Raja Pervez Ashraf

Federal Minister for Water and Power, Raja Pervez Ashraf has said that the process of power sector reforms is underway and will be completed within next eight months. He said this while presiding over a meeting with the joint delegation of IMF, World Bank and ADB headed by Adnan Mazari held here Monday in the Ministry. Secretary, Adviser of the Ministry, Chairman Wapda and other senior officials of the Ministry participated. The Minister said that the government is taking all the steps to make the public power sector viable and more efficient. The present government has inherited the energy crisis and steps are being taken to meet this challenge. He said that the government is also resolving the circular debt issues. New empowered board of directors of Disco and Genco are being set up to give them autonomy. A comprehensive plan is being adopted to improve the efficiency of the public sector entities, he added. The delegation also discussed reduction in line losses, improvement in recovery Nepra amendment act, subsidy on tariff and related issues. It assured that all assistance and cooperation will be provided for improvement of the sector and to end the energy crisis. Earlier, the Secretary and the Adviser energy briefed the delegation on the progress so far on power sector reforms. The delegation was informed that about 500 employees of Pepco have been repatriated to their parent departments, business plans of Gencos and Discos are being prepared, smart meters are being introduced, consumer classification survey is being planned, and the draft of the Nepra act is in the parliament for consideration and approval.

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