ISLAMABAD: Privatisation Commission Chairman Muhammad Zubair has said that privatisation is crucial for the people, government and the private sector of the country.
Talking to Radio Pakistan, Muhammad Zubair said that there were 70 institutions, which would be privatised in the next two to three years, especially in the power sector.
He added that the government was trying to minimise the gap between demand and supply in power sector.
“There are several causes of circular debt including, line losses, lack of collection and mismanagement” he said.
He added that the only solution of energy crisis was to privatise the power sector.
Responding to a question, he said that our investment policy is same for local and foreign investors.
Meanwhile, an official of the Water and Power Development Authority (WAPDA) said that the company had expedited the work on constructing small dams to irrigate over 130,000 acres of land in various areas of the country.
Talking to APP, he said Nai Gaj Dam was being constructed in Sindh, Ghabir Dam in Punjab, Kurram Tangi Dam in Khyber Pakhtunkhwa and FATA.
The dams would help storing 650,000 acre feet of water, enough to irrigate more than 130,000 acres of land.
The official of WAPDA said these projects are of immense importance for poverty alleviation and socio-economic development in the far-flung areas, besides controlling migration from the backward areas.
He said that Naulong, Winder, Ghabir and Nai Gaj dams would be completed in three years adding that Naulong Dam located in Jhal Magsi district of Balochistan had the gross water storage capacity of 242,000 acre feet, with a command area of 47,000 acres, while the Winder Dam would store 36,484 acre feet of water and irrigate 10,000 acres of land.
Ghabir Dam located in Chakwal district of Punjab with a gross storage capacity of 66,200 acre feet would irrigate 15,000 acres of land.
Similarly, the Nai Gah Dam being constructed in Dadu district of Sindh, had a gross storage capacity of 300,000 acre feet with a command area of 57,800 acres, he added.
Also, another WAPDA official said that the Golen Gol hydropower project, being constructed in district Chitral of Khyber Pakhtunkhwa, would be completed in 2015 and produce 106 megawatts.
Talking to APP, he said that the project was part of the cost-effective energy generation plan of the government, being executed by WAPDA on a priority basis to harness the indigenous hydropower resources of the country to improve the ratio of hydel electricity in the National Grid, help reduce electricity tariff and provide relief to the consumers.
On its completion, the project would contribute 106 MW to the national grid system and it would usher in green revolution by irrigating a vast stretch of agriculture land in the area.
KARACHI: Karachi equity market ended higher amid lackluster trading activity on Thursday. Investors ...