Govt pays Rs170b subsidy to ensure uniform electricity tariff in Karachi: Minister
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Federal Minister for Power Sardar Awais Ahmed Khan Leghari announced that the government is providing a Rs170 billion subsidy to ensure uniform electricity tariffs in Karachi, aligning prices with other regions of Pakistan. Speaking at the "Power Reforms Roundtable" at IBA Karachi, he mentioned plans for a forensic audit of Independent Power Producers (IPPs), contingent on necessity. The minister aims to achieve a reduction in electricity costs to Rs10-12 per unit within a year and a half by implementing various reforms. He acknowledged Punjab's government for its electricity bill subsidy for August and September, stating that any renewal would be a provincial decision. Emphasizing the need for better efficiency in power regulatory bodies, he revealed plans to privatize seven out of ten power distribution entities soon and hinted at upcoming Electric Vehicle Regulations. He noted that higher-income groups benefit from solar net metering and expressed pride in Pakistan's position as a leading clean energy producer in the region.
Publication Source
The Nation
Publication Date
9-26-2024
Pages
07
Disciplines
Business Administration, Management, and Operations
Recommended Citation
Reporter, The Nation. (2024, September 26). Govt pays Rs170b subsidy to ensure uniform electricity tariff in Karachi: Minister. The Nation, . 07. https://ir.iba.edu.pk/press-media/66
Keywords
Sardar Awais Ahmed Khan Leghari, subsidy, electricity tariffs, Karachi, Power Reforms Roundtable, Independent Power Producers, cost reduction, IBA
