Islamabad: The Minister for Power Division, Sardar Awais Ahmed Khan Leghari, informed the National Assembly Standing Committee on Power that the government has approved an Integrated Energy Policy aimed at reducing electricity costs over the next decade. During the meeting chaired by Muhammad Idress, it was revealed that the National Electric Power Regulatory Authority (NEPRA) will process the policy for formal approval, with implementation set to guide electricity generation for the next ten years.

The policy framework will include guidelines for electricity production, detailing procurement types, rates, and technologies. The Power Division aims to procure approximately 7,000 megawatts of electricity through a competitive mechanism, potentially reducing costs by Rs.1,953 billion. If approved, the plan could save more than Rs.4,000 billion over eight years.

The Minister highlighted that past procurement practices led to inefficiencies and higher costs, with ad hoc purchases despite the Council of Common Interests’ least-cost recommendations. The new policy seeks to address these issues.

Operational concerns were also addressed, with the Minister noting 80,000 vacancies in power companies affecting performance. Smart meters are being installed to prevent theft and manage loads effectively. The Committee was assured of non-discriminatory electricity provision.

The Secretary of the Power Division mentioned free electricity in some former FATA areas and issues with outdated power company boards. The Committee discussed the collapse of K-Electric’s systems during monsoons and the disparity in rates for consumers using 200 and 201 units.

The meeting also featured a presentation by the National Energy Efficiency and Conservation Authority, covering energy load curves and policy strategies. The Committee issued recommendations to fill vacancies and assess defective meters, particularly in Islamabad.

The meeting was attended by multiple members of the National Assembly, with senior Power Division officials present. The discussions underscored the government’s commitment to addressing energy challenges and reducing costs.