Load shedding to be reduced in months:PM NAWAZ reiterates
MIRPUR :Prime Minister Nawaz Sharif has expressed the confidence that there will be substantial decrease in load-shedding in coming months due to short measures initiated by the government. He was addressing the inaugural ceremony of the New Bong Escape Hydropower Project in Mirpur on Monday.
The Prime Minister Nawaz Sharif said a number of measures have been initiated to address the energy crisis including retirement of about 500 billion worth of circular debt. He said during his visit to China a number of agreements were signed with Chinese investors for putting up electricity projects in Pakistan. He hoped that together with the Chinese counterparts we will be able to complete a number of energy projects which will have very positive impact on electricity situation in the country.
The Prime Minister Nawaz Sharif said the government wants to bring substantial improvement in electricity production to ensure cheap and abundant supply of electricity to the people. He said electricity projects are long term ventures but the country is blessed with enormous water resources which need to be optimally utilized.
Nawaz Sharif said we are also initiating projects to produce electricity from unconventional sources like solar‚ wind and coal. He said long term projects are also being launched and we will gradually attain self-sufficiency in power production.
The Prime Minister Nawaz Sharif termed completion of the first-ever hydel power project by the private sector as a milestone in the history of the country which will pave the way for construction of somilar projects in Azad Kashmir and Pakistan. He hoped that Bong project would also open up more economic opportunities for people of Azad Kashmir.
Nawaz Sharif said development of Azad Kashmir is the top priority of the Government. He said Kashmir is lifeline of Pakistan. He said it is our utmost endeavour to develop Mashmir as a model so that its people reap benefits of development and their standard of living improves.
On this occasion‚ the Prime Minister assured foreign investors interested in setting up powers plants or undertake any investment activity that the government will be fully cooperative and respond to their needs. He said a one window operation would launched to facilitate those desiring to undertake investment in different sectors of the economy.
Chairman Laraib‚ Khalid Masood thanked the governmnmet of Pakistan and AJK for extending cooperation for the completion of the project. He said the project has been completed according to the international standards by making use of the latest technology.
Speaking on the occasion‚ Chairman Hubco Hussain Dawood said that there are vast opportunities of investment in the energy sector
Minister for Water and Power Khawaja Muhammad Asif‚ Minister for Kashmir Affairs and Gilgit-Baltistan Barjees Tahir‚ AJK President Sardar Muhammad Yaqub Khan‚ AJK Prime Minister Chaudhary Abdul Majeed and energy experts from across the country and abroad attended the ceremony.