Exciting developments in Pakistan’s energy sector as Federal Minister for Energy Sardar Awais Ahmad Khan Leghari reveals government reform plans to the National Energy Administration of China. Key aspects include debt re-profiling, potential Chinese investments, and conversion of coal plants to local coal to lower electricity costs. The Minister also discusses phasing out older plants for a more efficient power sector.
With aims to reduce electricity costs and stabilize the financial structure of the sector, the government’s commitment to power sector reforms shines through. Despite challenges such as currency devaluation and high-interest rates, the Minister expressed confidence in the proposed measures to address ongoing issues and drive positive change in the industry.
This collaborative effort with China highlights the commitment to building a sustainable and reliable energy sector for Pakistan’s future. Stay tuned for more updates on these exciting advancements in the coming months!
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