Chairing the third meeting of Cabinet Committee on Energy at PM House in Islamabad on Monday, Nawaz was informed that almost 1,500 mega watts of power will be added to national grid by the summer of 2015.
During the meeting, prime minister was apprised about the progress made on energy policy.
Nawaz directed the committee to increase the quantum of coal and gas as part of the fuel mix policy to help lower prices of electricity. He also directed the committee to devise a comprehensive load management strategy.
The meeting was attended by Minister for Finance Muhammad Ishaq Dar, Punjab Chief Minister Shahbaz Sharif, Minister for Petroleum Shahid Khaqan Abbasi, Minister for Planning and Development Ahsan Iqbal, Minister for Railways Khawaja Saad Rafique, Minister for Water & Power Khawaja Asif, Secretary Petroleum Abid Saeed, Secretary Water & Power Mohammad Younus Dagha and other senior officers.
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More rhetoric but no action. You have TALKED about LNG for years - still don't have LNG terminal, still don't have LNG contract, still don't have LNG distribution system. You have TALKED about coal fired plants for years, have published articles about signing contracts with China to build power plants - yet you still don't have coal contracts, facilities to offload coal or the upgraded railways necessary to transport coal. One day your going to wake up in the cold/dark and wonder why you never questioned a govt which talked alot and did nothing.
This government has unfortunately continued the tradition of Nepotism. It is indeed tragic that while the Prime Minister's daughter was removed from her position as the Chairman of the Youth Loan Scheme, after pressure from the Lahore High Court, Nepotism still continued in subtle forms, away from the public eye.
Yet another point that is unknown to the public is that a dubious character was propped up as the royal son in law, Musadik Malik as the PM's Official Spokesperson. His language on this account to the press testifies to itself, but it must be noted that the former advisor on water and power sold his power of communication quite beautifully to Pakistan's Prime Minister. Malik, who unfortunately has no substance as an expert is poised in the art of marketing. His glib words could even sell refrigerators in Siberia, but unfortunately, this is at grave national costs.
In the payment of Rs. 500 billion made to IPP, he mint, 1.5% commission as his share, which amounts to Rs. 2.5 billion. Yet, the price of electricity was increased by 70% to reduce circular debt, and all International Financial Institutions such as World Bank, IMF and ADB are amazed that circular debt has reached these levels again. This is the real art of international con maestro Musadik Malik. Now when the circuler debt is again swelled to Rs 550 Billion. He has already received advance of Rs5 billion, which shows that the man's net worth will be up to Rs. 7.5 Billion in 18 Months. Nonetheless, the worst victim is Prime Minister.