Capping plan being implemented to reduce circular debt; Senate informed

MG News | October 23, 2020 at 09:57 AM GMT+05:00

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October 23, 2020: The Senate was informed today (Thursday) that a capping plan is being implemented to reduce circular debt.

Responding to a question during "Question Hour”, Minister for Energy Omer Ayub Khan said previous government did not increase tariff in the last two years of its tenure which resulted in a huge circular debt.

He said the government is taking steps to review pricing contracts with Independent Power Producers.

The Minister said the government will invest twenty billion rupees in Peshawar Electric Supply Company to reduce power shortage in Khyber Pakhtunkhwa.

Answering another question, he said that there will be a gas shortage in the winter this year.

He said that both Companies are dedicated to ensure smooth gas supply to all categories of consumers on their network with special priority to domestic consumers.

Omer Ayub Khan said 20 new oil and gas exploration blocks have been auctioned which will enable Pakistan to discover new reserves.

Radio Pakistan

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