Reforms in the energy sector under Special Investment Facilitation Council have accelerated the journey to energy self-reliance.
About eighty-six billion rupees were recovered through operations against power pilferage during the last year.
A comprehensive strategy is being implemented to reduce circular debt.
Several power projects have been completed including a 150 megawatt project in Sukkur, one megawatt solar power project in Gilgit-Baltistan and a three gigawatt solar plant in Karachi.
Work on two hydropower projects of 70 megawatt in Azad Kashmir has been started, while agreement has been signed between Northern Power Generation Company Limited and a Chinese company for a 300 megawatt solar plant.
Meanwhile, Shanghai Electric’s investment in Thar Coal Block 1 has also paved way for energy self-reliance.
Three oil refineries will be upgraded with an expected investment of 6 billion dollars.
Several new gas discoveries have also been made by Mari Petroleum in Attock, Waziristan and Dadu.
Moreover, the privatization of power distribution companies is also expected to improve the service delivery in power sector.
