In order to avoid dependence on one fuel, the meeting agreed for the diversification of fuel.
The decision was taken during a meeting of the Cabinet Committee on Energy, chaired by Prime Minister Nawaz Sharif, in Islamabad on Tuesday.
The implementation status of ongoing projects as well as the status of receivables and circular debt was also reviewed during the meeting.
Participants of the meeting were informed that due to better management Ministry of Water and Power had saved Rs27 billion in power sector in last one month which will be helpful in giving relief to the consumers in near future.
The government will progressively reduce load shedding through more generation and better management, said Nawaz.
The premier was also briefed about the Qatari interest in investing in pipelines and gas-based power plants.
Duty free import of Solar Panels
Acting on the report of Alternate Energy Board regarding low manufacturing capacity of solar panels in Pakistan and recommendations of the Committee headed by Finance Minister Ishaq Dar, prime minister approved duty free import of solar systems/ panels in the private sector.
Necessary instructions have been issued by FBR to all customs collectorates.
Federal Minister for Finance Ishaq Dar, Punjab Chief Minister Shahbaz Sharif, Federal Minister for Petroleum Shahid Khaqan Abbasi, Federal Minister for Planning Ahsan Iqbal, Federal Minister for Railways Khawaja Saad Rafique, Federal Minister for Water and Power Khawaja Asif, Minister of State for Petroleum Jam Kamal Khan, Minister of State for Water and Power Abid Sher Ali, Advisor to PM on National Security Sartaj Aziz and Special Assistant to PM on Foreign Affairs Tariq Fatemi were also present during the meeting along with other senior government officials.
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You don't have contracts for gas or coal .. worse yet you have zero infrastructure to handle the offloading/distribution associated with these conversions. Reminiscent of the IP fiasco nobody wants to look at the big picture and actually figure out the cost/consequences of making major decision.
@syed baqar ahsan: Yeah always late with their decisions. Alternative energy sources look less attractive day by day due to falling oil prices.
Nevertheless they should proceed with this anyway because we are too dependent on thermal power generation and a more balanced energy mix is a good thing.
@Syed There is nothing mind boggling about this! Even at low price point currently in International markets, Oil is still much expensive compared to Shale Gas / Natural Gas and Coal. If Furnace oil goes further below in market, natural gas / shale will go even lower due to high production in USA which is just starting. Be critical is good but being critical for just being critical is awful and I have a feeling that youth in our nation is becoming really sick with disease of just pointing fingers.
@syed baqar ahsan:
My simple fella, fuel prices will not remain the same for eternity....it is just a momentary phase of 6 to 1 year.
regards,
surprising fuel prices at five years low this decision real mind boggling.