The government has started the privatisation process of three power distribution companies as part of its plan to introduce a competitive electricity market in the country, Federal Minister for Energy Awais Leghari said.
He stated that reforms in the power sector were moving forward rapidly and more distribution companies would gradually be included in the privatisation programme.
Awais Leghari made these remarks during a meeting with Khyber Pakhtunkhwa Governor Faisal Karim Kundi. The two leaders discussed power sector reforms, improvements in the energy sector and the overall political situation.
The energy minister said that the performance of electricity distribution companies had improved significantly over the past two years. He added that the government had achieved progress in reducing line losses, financial losses and the circular debt crisis.
According to Leghari, power sector reforms are now showing positive results, with several measures being taken to improve efficiency and reliability in electricity supply.
He said the government had succeeded in reducing circular debt by around Rs780 billion through various reform measures. Work is also underway to digitalise the national grid, upgrade the transmission system and introduce modern metering infrastructure across the country.
The minister revealed that around 16 million electricity meters nationwide are being gradually shifted to a digital system to improve monitoring, reduce losses and ensure better service delivery to consumers.
He further said that transformer-level load management was being introduced under the Advanced Power Management System (APMS). The initiative aims to improve electricity distribution and provide consumers with a more stable and uninterrupted power supply.
Governor Faisal Karim Kundi appreciated the government’s ongoing efforts to reform the power sector and improve the country’s energy system. He said effective reforms were essential for ensuring better electricity services and long-term stability in the sector.
