Changes in power policy suggestedAugust 16, 2014
KARACHI: The Pakistan Economy Watch (PEW) on Sunday suggested changes in National Power Policy 2013, terming it contrary to the national interests.
The policy needs immediate review as it will serve no purpose except jacking up electricity price and draining foreign exchange reserves, said Dr Murtaza Mughal, President PEW, in a statement issued from Islamabad.
He said that policy claimed to provide affordable electricity and settle energy crisis by 2017 and the steps taken by the government taken were in opposite direction.
“Government has decided to generate 16000 megawatt of electricity through imported coal ignoring hydel power and 185 billion tonnes of coal in Thar,” he said.
Moreover, power sector is still dominated by bureaucrats and the appointment of qualified and professional people on key posts remain a far cry.
Dr Murtaza Mughal said that government was set to award construction of a power project to the company which constructed controversial Nandipur power project.
The cost of electricity in Pakistan remained highest in the region but NEPRA continued to revise tariff upwards which affected masses and economy, he observed.
He said that government had been offering over 26 percent profit to foreign investors which would damage national interests in the long run.
The experience of allowing investors to choose location, fuel and technology had failed therefore repeating it again was not sanity, said Dr Mughal.