Govt Assures Public: Electricity Bills Won’t Rise Due to Privatization

Notably, the administration has stated the privatization of power distribution firms (Discos) will not be employed to shift costs onto electricity consumers, pledging to protect households while ensuring that incoming private investors meet their financial and contractual obligations.

Key points

• Minister for Power Division Sardar Awais Ahmad Khan Leghari, the prime minister's adviser on privatization, and senior authorities from relevant ministries additionally attended the session.
• The session additionally discussed arrangements to ensure that ongoing development initiatives continue after distribution firms are transferred to private ownership.
• Obtain the latest business news, market insights, and economic updates wherever you prefer.
• He remarked the objective of privatization was not to impose further financial pressure on consumers.
• He remarked the administration would backing the privatization process while safeguarding consumer interests and ensuring that investors fulfill their contractual and financial commitments.

Minister for Economic Affairs and Establishment Division Ahad Cheema created the assurance during a gathering on November 10 that reviewed development programs for distribution firms and the government's preparations for their privatization. He remarked the objective of privatization was not to impose further financial pressure on consumers. Govt to Install Smart Meters Throughout Country to Curb Electricity Theft. Private Investors to Face Regulatory Requirements.

Cheema stressed that projects undertaken by private investors within distribution firms would have to follow competitive bidding procedures and obtain approval from the National Electric Power Regulatory Authority (NEPRA), wherever required.

For context, the session additionally discussed arrangements to ensure that ongoing development initiatives continue after distribution firms are transferred to private ownership. According to Cheema, if a Disco is privatized while project negotiations or preparations are underway, the relevant financing and development programs would be transferred to the incoming investor under agreed arrangements.

Minister for Power Division Sardar Awais Ahmad Khan Leghari, the prime minister's adviser on privatization, and senior authorities from relevant ministries additionally attended the session. Stay Connected with ProPakistani.

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Taken together, the developments around govt Assures Public: Electricity Bills Won't Rise Due to Privatization point to a situation that is still moving, and the coming days should bring more clarity.