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China to invest $20 billion in power sector

byCustoms Today Report
24/04/2015
in Business
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ISLAMABAD: Minister for Water and Power Khawaja Asif has said that maximum relief is being given to the consumers in power tariff.

Talking to the media in Islamabad, he said electricity generation has increased by 1,500 megawatts as compared to the last year.

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About the projects being started in the power sector, the minister said that projects of 8,370 MW have been signed with China and these projects will be implemented in all the provinces.

Asif added that these projects will bring an investment of $20 billion.

He went on to say that imported LNG will be given to the five power plants which will enhance their efficiency.

He further said the government has ensured zero load-shedding to the industrial sector in the last four months.

He also said that due to the government’s efforts, line losses have decreased and circular debt is $70 billion lower as compared to the last year.

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