Aurangzeb stresses need for reforms in power sector
Finance Minister Muhammad Aurangzeb has said that structural reforms are being undertaken in the power sector to improve its efficiency and service delivery. During a meeting with the K-Electric delegation on Tuesday, the minister said the reforms included the reconstitution of the boards of directors of Discos by bringing in professionals from the private sector and reducing the number of government nominees to bring in more efficiency in the boards and improve overall service delivery. The KE team discussed its seven-year plan that includes future investments in transmission and distribution with a target of additional power generation of 2,172 MW by 2030. KE shares initiatives to reduce tariff for Karachiites Led by KE board of directors chairman Mark Skelton, the delegation also discussed pending liabilities during the meeting. The KE team was originally in Islamabad to meet Energy Minister Awais Laghari to discuss their issues. A well-placed source told Dawn that the seven-year plan includes renewable energy in its generation mix, which is projected to be 1,182MW renewable to lower the cost of electricity for Karachi.