Updated on
Summary Power crisis are causing 3 to 4 per cent loss to the national economy.
The Asian Development Bank (ADB) has committed a financing facility of $2.9 billion over a medium term for the government of Pakistan to enhance power generation system in the country.According to sources, following the tight energy crises in the country the government approved a package of power sector reforms to settle this energy crisis which are under implementation.The source said key pillar of these reforms in the power sector of the country was to further develop the power sector of the country especially to enhance power generation and to replace inefficient power production plants in the country.Sources informed that another objective by the government was to improve the power sector which is causing 3 to 4 per cent loss to the national economy while power sector inefficiencies and losses have eaten Rs 1.2 trillion of the national exchequers during last four years.Sources informed that to improve the transmission and distribution system in the country government has entered into an agreement with ADB for enhancement of investment program to the tune of US $ 243 million.Under this program new transmission lines would be layed and performance of inefficient power generation plants would be improved. This would helpful to reduce the transmission and distribution losses that have been reached to 22.42% thus resulting into loss of billion of rupees to the economy.
