Staff Reporter Karachi
Chairman of National Business Group of FPCCI, President Pakistan Businessmen and Intellectuals Forum and All Karachi Industrial Alliance, and former provincial minister Mian Zahid Hussain has said power sector is marching towards irresolvable problems while Prime Minister Imran Khan and COAS Qamar Javed Bajwa are trying their best to tackle the highly laudable issue.
In a statement here on Monday, he said that the power sector may crumble under the burden of defective planning and wrong contracts and people, as well as the business community, hope that China will bail out Pakistan from this mess.
Mian Zahid Hussain said that the government has completed talks with IPPs which will result in a saving of Rs 42 billion per annum and now it has initiated talks with Chinese companies to reduce tariffs, capacity charges, and interest rates, etc. which is according to the national interests.
Power plants with a capacity of 16000 megawatts were planned under CPEC and projects with 6500 megawatts are expected to come online soon, he added.
The business leader said that this initiative will result in the burden of hundreds of billions of rupees as the country is already producing surplus electricity and completion of projects will push surplus power to 50 percent of the required electricity.
