Islamabad :
The federal government has started considering converting K Electric into a number of companies. The government has agreed to the proposal to convert K Electric into various distribution companies, including production and transmission.
According to details, Tabish Gohar, Advisor to the Prime Minister, has replied to the FPCCI’s letter, stating that following suggestions from various industrial associations, to end the monopoly of a single company in relation to Electric. Consideration has been started.
He wrote that the government agrees with the proposals to convert K Electric into various distribution companies including generation and transmission. The privatization of the company supplying electricity to 20 million people was a wrong decision. The government has started supplying 2,000 MW of additional power to KE from the national grid instead of 650 MW, while K Electric has not yet signed a power purchase agreement.
FPCCI President Nasir Hayat Magun, quoting the letter, said, “We also demand the end of K Electric’s monopoly, which has created energy problems in the city. There are companies.
It may be recalled that FPCCI had expressed fears of loss of billions of rupees to Dhabeji and Hub industries. Nasir Hayat Magun said that expensive electricity is being generated through inefficient power plants which is being borne by the people and industries. He said that the worst load shedding is still going on in Quaid-e-Azam city and also in the exception areas. Load shedding is taking place.