Finance Minister expresses resolve to restructure power sector

Minister for Finance and Revenue, Muhammad Aurangzeb has reiterated resolve to restructure power sector. He stated this during a meeting with Chairman Board of Directors K-Electric, Mark Skelton and others in Islamabad today. He said the reforms include reconstitution of Boards of Directors of Discos by bringing in professionals from private sector and reducing the number of government nominees to bring in more efficiency in the boards and improve overall service delivery. He reiterated the government's resolve to ensure private sector participation in all government-owned discos and gencos. The Minister mentioned the start of process of privatizing of three discos in line with the Prime Minister's vision to enable and facilitate the private sector to lead the economy. The K-Electric team briefed the Minister regarding its plans to include renewable energy in its generation mix, with a view to lowering down the cost of electricity for Karachi. They also apprised the Minister of other initiatives being t aken by KE for improved service delivery to residents of Karachi. Source: Radio Pakistan