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Initiative in energy sector

Chief Minister Shahbaz Sharif has said Pakistan is faced with an energy crisis that has affected all sectors of life, including economy.

He said steps were being taken on an emergency basis for overcoming energy shortage. He said a number of agreements of cooperation had been signed with local and foreign companies and steps were being taken for their speedy implementation. He said vast opportunities of investment in the energy sector existed and the government was providing all facilities to investors.

The CM was talking to a delegation of General Electric, led by president and chief executive of General Electric Middle East, South Africa and Turkey, Nabil Habayeb, which called on him in Model Town. The visiting delegation agreed to enhance cooperation with the Punjab government in energy sector.

According to a handout, Shahbaz said the Punjab government was working on projects for generating energy through coal, hydel, wind, solar, biogas, biomass, bagasse and other sources. He said steps were also being taken for capacity building of the energy sector institutions.

The chief minister said steps were being taken to reduce loadshedding, adding a project to install coal-powered power plants at Gadani had been devised.

He said setting up Quaid-i-Azam Solar Park on 10,000 acres in Bahawalpur had been given a final shape and work on projects to generate 1,000 megawatts of solar power was continuing there.

The CM said work was under way to launch small projects of five megawatts through biomass. He said all possible steps were being taken for early completion of Nandipur Power Project. He said 1,000MW could be generated through bagasse and sugar mills were being encouraged to generate energy through it.

He asked General Electric to submit final recommendations for practicable projects at the earliest. He said steps were also being taken for importing LNG and an effective strategy had been evolved for conservation of electricity.

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