Islamabad: The Pakistani government is set to auction surplus electricity to industries across the country, a move aimed at stimulating industrial growth and creating new job opportunities, according to Power Minister Sardar Awais Leghari.

According to a statement by Press Information Department, Minister Leghari, speaking in Islamabad, emphasized that the surplus electricity would be offered competitively to maximize economic benefits. He also discussed the National Electric Vehicle Policy, which has introduced reduced electricity tariffs for EV charging stations, making electric vehicles more affordable and accessible.

Minister Leghari outlined several reforms in the energy sector, including efforts to reduce electricity tariffs, eliminate circular debt, and address inefficiencies in the pricing system. He highlighted that agreements with Independent Power Producers are being revised for transparency and sustainability, with similar revisions planned for government-owned producers.

By 2025, the government plans to cease overseeing electricity trade, allowing direct negotiations between consumers and power companies. This change is expected to foster competition and benefit all stakeholders. Industrial estates and economic zones will soon have autonomy over their power distribution systems, aiming to reduce inefficiencies and encourage industrial activities.

The Minister also mentioned ongoing privatization of electricity distribution companies and efforts to lower the tax burden on electricity consumers. Coal-based power plants operated by Chinese companies will transition to using locally mined coal from the Thar region to cut import costs and support local resources.

In his remarks, Minister Leghari reiterated the government’s commitment to using surplus electricity to benefit industries, promote economic growth, and advance sustainable energy reforms in Pakistan.