No load shedding in industrial areas from tomorrow, Petroleum Minister – Pakistan oil & gas sector update

Sunday, November 27th, 2011 12:58:07 by

No load shedding in industrial areas from tomorrow, Petroleum Minister – Pakistan oil & gas sector update

Karachi —The Federal Minister for Petgroeum Dr. Asim has said that there would be no load shedding of electricity in industrial areas from Monday. The industrial associations have welcomed the government’s move to stop load-shedding in industrial areas.
The Patron In-Chief Korangi Association of Trade and Industry, S M Muneer, Chairman Ehteshamuddin, former Chairman Mian Zahid Hussain and Vice Chairmen, Hasham A Razzak and Tariq Malik while appreciating the assurance of Federal Minister for Petroleum Dr Asim
Husain to end up load-shedding in industrial areas from Monday.

Chairman KATI Ehteshamuddin said that in an exclusive meeting with KATI’s office bearers on Thursday were assured by the government of Sindh to eliminate load-shedding from industrial areas and now the Petroleum Minister has confirmed that KESC would exempt
industry from long hours load-shedding. He said that industry is facing extremely hard time now –a-days and is not at all able to sustain any further blow like electricity or gas load-shedding. He advised the government to ensure that KESC should not resort
to any such action save energy at the cost of industry.

Meanwhile, at KCCI, the Federal Minister held that President, Prime Minister and Ministers were aware of the power dilemma. He said that on his suggestion in the last cabinet meeting a cabinet meeting was called on Tuesday (Nov. 29) that would focus only on
power crisis.

He further informed that under the Ministry of Finance a meeting with KESC was scheduled next Wednesday during which impasse would be discussed. He said that the circular debt predicament would also be addressed in the meeting.

Petroleum Minister while warning that future global wars would be fought over energy securitization, maintained that energy crisis, that Pakistan was facing today, was the result of wrong policies of yesteryears. He said that the institution of energy security
was the weakest in the country and hence people would have to take the ownership. He said that due to ill planning in the past domestic gas connections were increased six folds and there was an enormous escalation in the number of CNG stations, as a result
precious gas had been wasted on throwaway price. He said that gas should have been reserved for Industries, Power Generation and Fertilizer Manufacturers while for domestic usage and transportation alternates should have been explored.

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