ISLAMABAD – The interim federal minister on Tuesday said that 22,000 megawatt electricity is being generated but the loadshedding in the country is due to issues with the transmission lines.
Addressing a joint press in Islamabad on Tuesday along with Finance Minister Dr Shamshad Akhtar, caretaker Minister for Power Syed Ali Zafar while expressing interim government s commitment for transparent elections assured that they will fully support to the Election Commission of Pakistan (ECP) to hold free, fair and peaceful elections.
He said that at present 21,000 to 22000 megawatts of electricity is being produced against the demand of 23,000 to 24,000 MW, facing a shortfall of 2000 MW. He said the country has a total installed capacity of 28,000 MW.
The minister said that the causes of load-shedding observed early this month have been overcome and the electricity demand and supply gap will almost be zero in the current month.
While giving reasons for the recent unannounced loadshedding, Zafar said that there was extreme shortage of water in dams and Port Qasim and Balloki power plants also developed technical faults, which caused over 5000 MW reduction in power in the national grid.
Syed Ali Zafar went on to say that the power generation will increase next month and load-shedding will be totally overcome.
Speaking on the occasion, Dr Shamshad said that the despite the economic condition of the country, the caretaker government will not enter into any agreement or negotiations with IMF. She, however, said the caretaker setup will take care of the macroeconomic challenges being faced by the country.
She said that the recent increase in oil prices is linked to the rise in prices of petroleum products in international market.
The minister said that only 50 percent impact of the increase in international market has been passed on to the consumers, adding that the oil prices in Pakistan are still lower as compared to the neighboring countries of the region.