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Monday 3 October 2011

PM directs for immediately release of PEPCO due amount

Chairing a special emergency meeting of inter-ministerial committee to review the acute energy shortfall here at the PM House, Gilani directed the Ministry of Petroleum and Natural Resources to ensure restoration of full supply of fuel to the power plants including Kapco and Hubco.


The Prime minister said the restoration of the fuel supply would help ease electricity shortage in the country by generating additional 2000 MWs to lower the shortfall.


The meeting reviewed the energy conservation measures and the prime minister directed the minister for water and power to take the provincial governments on board to finalise an operational strategy.


The PM also directed the high powered committee headed by Finance Minister Dr Abdul Hafeez Sheikh, and comprising Minister for Water and Power Syed Naveed Qamar, Minister for Petroleum Dr Asim Hussain, Dr Nadeemul Haq Deputy Chairman Planning Commission and Acting Governor State Bank of Pakistan to submit recommendations at the special cabinet meeting.


The Prime Minister also directed the Ministry of Petroleum and Natural Resources for ensuring restoration of full supplies of fuels to the power plants including the KAPCO and HUBCO so that they can generate electricity to ease the electricity shortage in the country. Full restoration of the fuel supplies to these two plants will generate additional 2000 MW electricity that will greatly help in lowering the intensity of the energy shortfall.
The meeting reviewed the energy conservation measures and Minister for Water and Power was directed by the Prime Minister to hold consultation with the Provinces in this regard as any operational strategy in this respect has to be undertaken with the Provincial Governments on board.
The Prime Minister also directed the High Powered Committee consisting Syed Naveed Qamar, Minister for Water and Power, Dr. Asim Hussain, Minister for Petroleum, Deputy Chairman Planning Commission, Dr. Nadeemul Haq and Acting Governor State Bank of Pakistan and headed by the Finance Minister, Dr. Abdul Hafeez Sheikh, to submit its recommendations in a Special Cabinet meeting to be convened soon aimed at the resolution of unscheduled loadshedding in the country.
The Special Emergency meeting was attended by the by Minster for Finance, Dr. Abdul Hafeez Sheikh, Minister for Water and Power, Syed Naveed Qamar, Minster for Petroleum, Dr. Asim Hussain and Senior Officials of the Ministries of Finance, Water and Power, Petroleum and Planning Commission.



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