PID

PR No. 239 Ambassador of France to Pakistan,Mr. Marc Barety called on Federal Minister for Energy, Omar Ayub. Islamabad: October 29, 2018

Ambassador of France to Pakistan, Marc Barety called on Federal Minister for Energy (Power Division), Omar Ayub Khan here on Friday and informed him that two French Companies want to invest in the Power Sector of Pakistan. Federal Minister, Omar Ayub said that Pakistan and France shared cordial relations and emphasized the need to extend these ties from trade and economic domain to cooperation in the field of Energy. He said that Pakistan highly valued its multi-faceted relations with France. The minister said that Pakistan was keen to forge closer relations with France in areas of mutual benefit. Minister said that Power Division has chalked out a plan to control electricity theft and increasing capacity of generation and transmission of electricity. “Working is under way on a Mechanism to deal with power theft. Power Division engaging with the provinces on creation of special task forces with the support of provincial governments, local authorities and law enforcement agencies for crackdown against electricity theft” he added. The Minister further elaborated that ABC cable which has a capacity to stop any kind of electricity theft will be installed initially in the premises of IESCO, PESCO and LESCO and the cost for this project has been estimated 900 million dollars .Asian Development Bank will Finance this project. Omar Ayub Khan stated these steps will not only reduce power theft but will also lead to decline in the circular debt. Transmission and distribution capacity of electricity will be increased by Metering Tree and introduction of ABC cable, deficit in power sector can be overcome, he emphasized. He also said that for increasing power generating capacity, utilizing the sources of Solar, Wind and Hydel are the priorities of the government. He assured that Regulatory Tax, capacity charges, tariff and IPPs issues will be solved amicably. The Ambassador of France appreciated the suggested plan of the Power Division to control electricity theft. He said that France would look into all possibilities of cooperating with Pakistan in the field of Energy. **** ?

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