Circular debt to be eliminated till 2020: power minister
ISLAMABAD (92 News) – Minister for Power, Petroleum and Natural Resources Omar Ayub Khan said on Friday that the circular debt would be eliminated till 2020.
Addressing a press conference, the minister lamented the incumbent government inherited a Rs650 billion circular debt from the previous government. He said the government has been taking measures to check power theft and vowed to eradicate it completely.
“80 per cent feeders have been cleared of power theft,” the minister said, adding 3,000 megawatts of electricity were added to the power system by eradicating electricity theft.
He said the government is setting up new power projects in Pakistan using its own resources and by 2025 20 per cent energy produced in the country will be through alternative sources. He said this portion will increase to over 30 per cent by 2030.