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Govt develops reform plan to improve energy sector

Govt develops reform plan to improve energy sector
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June 14, 2024 (MLN): To improve the energy mix of Pakistan and eliminate other deficiencies of the power sector, a reform plan has been developed, said Federal Minister for Power Sardar Awais Leghari.

A delegation of the US Department of Treasury, led by Assistant Secretary Brent Neiman, met Federal Minister for Power Sardar Awais Leghari, said a press release issued on Thursday.

The meeting aimed to explore potential collaborations in the energy sector.

The Minister informed the Secretary that reforms are being implemented to increase private sector participation in the distribution and transmission of electricity in Pakistan.

These reforms aim to improve the quality of service being delivered to the people of Pakistan.

Regarding debt management, the minister said that Pakistan is starting a fan replacement program that will save energy and improve the seasonal variation in energy demand.

Sardar Awais Leghari expressed the need for US technical support to address the seasonal generation and demand gap.

He also highlighted the importance of American assistance in securing international financing for Pakistan's power sector at more favorable rates.

The US Assistant Secretary of Treasury appreciated Pakistan's power sector reform initiatives and assured all possible cooperation to resolve Pakistan's power sector problems.

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Posted on: 2024-06-14T09:54:57+05:00