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Shahbaz urges private sector to launch power generation projects….Asks industrialists to intiate big ventures; says PML-N got mandate to control power crisis

Chief Minister Shahbaz Sharif has said that the energy crisis has badly affected industry, agriculture, trade and export sectors. He said there was a need to control energy problem for reviving national economy and the PML-N government was making efforts for this purpose.

He was talking to a delegation of industrialists, bankers and investors, led by Nishat Group Chairman Mian Muhammad Mansha, at Model Town on Sunday.Shahbaz said power generation projects would be completed expeditiously under the public-private partnership. He said the private sector played an important role in the progress and development of a country, therefore, it should come forward for controlling energy crisis in Pakistan and set up projects of power generation through coal, biomass and other resources. He offered all-out cooperation of the government to the private sector in this regard.

The CM said that the federal government, provinces and private sector would have to work together for resolving the energy crisis and power generation projects would have to be completed quickly and in a transparent manner. He said that besides small projects, industrialists should also consider launching energy projects of 1,000 megawatts as big projects were more beneficial. He said power generation projects of biomass and biogas would benefit the farmers as well.

The chief minister said that energy crisis had left a bad impact on every sector and he believed that the masses had given a historic mandate to the PML-N for eliminating loadshedding. He said the PML-N government was making serious efforts from the day one for controlling loadshedding.

He appreciated the offer of cooperation of industrialists, bankers and investors in the endeavors of the government to overcome the energy shortage. The members of delegation said that they were ready to launch five power generation projects of 50 to 100 megawatts as well as major projects of generation of energy from coal and other sources. The delegation assured that it would also motivate foreign investors to invest in power generation sector in Pakistan.

Mian Muhammad Mansha said that there was a vast scope of generation of power from biogas and biomass and the projects of power generation through these sources could soon be launched.

Provincial Minister for Local Government and Law Rana Sanaullah Khan, Minister for Energy Sher Ali Khan, the chief secretary, secretaries of Finance, Law and Energy departments and others were also present.

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