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Vision 2025: Government determined to end energy crisis: Ahsan

Location:
20th June 2014  To: 20th June 2014

Islamabad—Minister for Planning, Development and Reforms Prof Ahsan Iqbal reportedly said on Wednesday the government was determined to ensure energy generation on sustainable basis by tapping rich potential of renewable resources. Inaugurating a day-long conference on scaling-up wind power development for Pakistan’s sustainable energy future” here, he said when the present government came into power one year ago, Pakistan was facing the worst energy crisis as there was 20-22 hour loashedding.

The conference was organized by 
Alternative Energy Development Board (AEDB) in collaboration with World Wind Energy Association (WWEA) and Heinrich Boll Stiftung Pakistan. Realizing the gravity of the situation, the minister reportedly said the government made the energy issue its top priority and undertook medium and long term measures to overcome it. He said it was observed that there were two problems: shortage of supply and energy mix. About 70 per cent energy was being generated on furnace oil, which was expensive as well as putting pressure on foreign exchange reserves with increasing import bill.

The high cost of electricity production was unbearable for end users and even a large number of companies remained idle. Ahsan Iqbal said the government had taken steps for promoting good governance in power supply system and to reduce line losses. The government had decided to encourage conversion of plants run on furnace oil to coal for producing cheaper energy as Pakistan had blessed with rich coal deposits at Thar.

Url: www.dailytimes.com.pk/business/20-Jun-2014/vision-2025-govt-determined-to-end-energy-crisis-ahsan

 

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