ISLAMABAD: Prime Minister Yousaf Raza Gilani on Wednesday ordered the constitution of a high level committee comprising representatives of concerned ministries that will work to simplify procedures for private sector investment in the energy sector.
Directions in this regard were given in a meeting of the Private Power Infrastructure Board (PPIB) to review progress on private power projects and their future portfolios. The prime minister instructed that a committee – consisting of the Planning Commission Deputy Chairman, and secretaries of the finance ministry, Economic Affairs Division, and the Ministry of Water and Power – be set up to facilitate the simplification of investment procedures.
The prime minister said that Independent Power Producers (IPPs) had always played a pivotal role in the development of the power sector. “This is evident from the fact that there are 28 IPPs presently providing reliable power in the country,” the prime minister maintained.
PM Gilani said that Pakistan’s power sector is facing a wide electricity demand-supply gap, which has necessitated enhancement of generation capacity as well as related infrastructure. He further said that in order to meet future power requirements in the country, huge investments are required.
Published in The Express Tribune, May 31st, 2012.