Govt Will not Own K-Electric But Will Remain Privatized - PM

Written by  Published by:Pakistan Views Thursday, 25 June 2015 13:42

ISLAMABAD: Prime Minister Nawaz Sharif said on Thursday that the privatisation of K-Electric would not be reversed and that the focus should lie on electricity generation in Karachi, sources revealed to media.

The prime minister is said to have made the remarks during the 16th meeting of the Cabinet Committee on Energy at the premier’s residence.

“K-Electric is a privatised project and the government is in no mood to reverse it,” a participant of the meeting said.

Sources said under a new agreement with K-Electric, restrictions and new strict conditions would be introduced to ensure smooth provision of electricity to the residents of Karachi.

During the meeting, Secretary Water and Power Younus Dagha briefed the Cabinet on load management in Ramazan. Further, the meeting discussed the power crisis in Karachi and matters particularly pertaining to K-Electric.

The PML-N leadership concluded that if the party fails to overcome the energy crisis of the country, they will lose votes in the next elections, officials told media. 

The meeting was attended by various lawmakers, including Finance Minister Ishaq Dar, Federal Minister for Water and Power Khawaja Asif, Railways Minister Khawaja Saad Rafique and Chief Minister Punjab Shahbaz Sharif among others.

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