Govt Clearing Huge Liabilities Of Past Regimes In Power Sector: Omer Ayub
Muhammad Irfan 10 days ago Fri 19th February 2021 | 04:00 PM
ISLAMABAD, (UrduPoint / Pakistan Point News - 19th Feb, 2021 ) :Federal Minister for Energy Omer Ayub Khan on Friday said present government was clearing liabilities of the previous regimes in the power sector that had been incurring huge losses to national exchequer.
He said that the annual capacity payment to the Independent Power Producers (IPPs) was Rs185 billion in 2013, Rs468 billion in 2018 and Rs860 billion in 2020, and it would surpass Rs1,455 billion in 2023. He raised question that why people were put on stake.
He said corrupt practices had been detected in every single contract signed by previous governments. He said present government had now eliminated corrupt practices in contracts.
He said that the government was pursuing pro-business policies and these were being appreciated by business community. He said the large scale manufacturing was now witnessing growth of 14.50 percent.
The minister said the previous government allowed setting up of expensive power plants, ignoring indigenous resources of energy.
Speaking on the occasion, Federal Minister for Planning, Development & Special Initiatives Asad Umar, appreciating Speaker National Assembly for conducting session amicably, said that opposition should avoid to follow double standard.