K Electric has become a white elephant
K Electric requests to increase electricity price by more than Rs 1.5
– K Electric is not paying its circular debt
- Khyber Pakhtunkhwa’s proposal on hydel power
ISLAMABAD- Chairman Standing Committee on Power Saifullah Abro The meeting of the Senate Standing Committee on Power has remarked in the meeting that K Electric has become a white elephant.
Chairman of the Committee, Senator Saifullah Abro chaired the meeting, which considered the issue of power sector revolving loans and electricity theft was discussed.
The Federal Energy Secretary told the committee that the government intends to hand over the electricity distribution companies to the provinces, they are not going to privatize the electricity distribution companies. Consultations are underway for giving the electricity distribution companies to the provinces. The same model is being followed in India.
K Electric is not paying its circular debt
Chairman Standing Committee Saifullah Abro said that we have to see and decide, the example of K Electric, two days ago it was found that the government also has shares, K Electric has a circular debt of 300 billion. K Electric has become a white elephant and is not paying its revolving debt, he added.
Khyber Pakhtunkhwa’s proposal on hydel power
Secretary Power said that if hydel power will be handed over to Khyber Pakhtunkhwa, the power will be used only for four months. For the remaining eight months, Khyber Pakhtunkhwa will have to take from Sindh and Punjab. If the Khyber Pakhtunkhwa government’s proposal is accepted, Khyber Pakhtunkhwa will suffer.
Senator Shibli Faraz and Secretary Power also exchanged words on the issue of long-term policy in the power sector.
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Secretary Power Division said that governments transferred us, I myself do not know where I will be tomorrow.
Senator Shibli Faraz said that you are incompetent people who even change the meeting minutes, the bureaucracy forgets after the meetings, they also change the minutes of the meetings with the Prime Minister.
