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  Monday, April 7, 2008, Rabi Ul Awal 29,1429    

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Shaukat on flawed energy policy

FORMER Prime Minister Shaukat Aziz has frankly admitted that the energy consumption in Pakistan had increased rapidly and his Government could not foresee the huge demand to be created by the growing economy. In an interview in New York, he attributed the shortage of electricity in the country to unprecedented huge energy demands.

No one would disagree that the shortage has been created due to abnormal demand but the question arises why the economic managers could not foresee the rising demand and take necessary measures well in time to prevent the crisis. It is true that the economic indicators improved during tenure of Mr. Shaukat Aziz and the element of prosperity led to increase in per capital income that in turn resulted into enhanced consumption creating huge demand for energy. But it was the job of the policy-makers and especially those in the Ministry of Water and Power and WAPDA to have visualized the situation and taken measures to meet the challenge. In fact, the then planners argued that surplus and idle capacity was counter-productive and sat with their legs crossed till the country was confronted with serious energy deficit. Power plants are not established overnight and even if we proceed ahead with speed now it would take about three to four years to overcome the power deficit. By then, the demand would also increase and we hope the policy-maker would take care of this aspect. Similarly, we must discourage unplanned growth as we are witnessing in the case of alarming increase in the number of vehicles resulting into traffic jams and unbearable increase in the oil import bill.
 

 

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