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Federal Govt. new energy policy ready

The federal government has prepared a new energy policy, which aims at increasing power generation up to 26,800 megawatts and decreasing average power generation cost per unit from Rs14.67 to Rs10.00 per unit in three years, Geo News reported.

Sources add, that a final presentation on energy policy will be presented to Prime Minister Nawaz Sharif on June 27th and in the Council of Common Interest (CCI) meeting on July 29 the provinces will be taken into confidence, following this the prime minister will announce the new energy policy.

Under the new energy policy power production from the existing 12,200 MW will be boosted up to 26,800 MW, while the power production cost will be reduced by 30 percent on average and efforts will be made to zero the load shedding.

The four key-points of energy policy include: Bridging the difference between the demand and supply of energy, ensuring cheap electricity to the customers, minimising power thefts and making the energy sector attractive for investments.

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