Islamabad : Prime Minister Yusuf Raza Gilani Wednesday reiterated resolve to overcome power load shedding in the country in minimum possible time.
Presiding Private Power Infrastructure Board PPIB meeting here which reviewed progress of private power projects and their future portfolio to increase power generation to overcome electricity shortage in the country, he said on finalization of initiatives by the government existing gap between demand and supply will be eliminated.
Gilani said fast track implementation of hydro power projects and other measures including proposed policy regimes to convert IPPs, GENCOs on cheaper fuels and formulating Transmission Line Policy to encourage private investment on infrastructure will help eliminate load-shedding on permanent basis.
He directed a committee headed by Deputy Chairman Planning Commission be set up to facilitate simplification of procedures for attracting private sector investment in energy sector. He also directed Petroleum & Natural Resources Ministry to make arrangements for release of gas to power plants currently in operation.
He underscored urgency of creating fund for projects in private sector on an analogy of a similar fund created in 1994 during tenure of Shaheed Benazir Bhutto. When PPP-led government took over in 2008 country was again facing severe demand and supply gap of more than 5 000MW during peak load hours. He said sensing magnitude of challenge government put in diligent and dedicated efforts to improve the situation.
Chairman WAPDA told meeting that Mangla dam would be filled up this year to its capacity for first time after completion of Mangla Wall-Raising Project. PPIB Managing Director said 28 projects of PPIB with 8000MW capacity have been installed.