ISLAMABAD: Federal Minister for Finance Senator Muhammad Aurangzeb reviewed the ongoing structural reforms in the power sector aimed at enhancing efficiency and service delivery.
During the meeting, the finance minister highlighted key reforms, including the restructuring of Discos’ boards of directors. The changes involve incorporating private sector specialists while reducing the number of government representatives, which is expected to boost the effectiveness of the boards and improve service quality.
The minister made these comments while meeting with Mark Skelton, Chairman of the Board of Directors of K-Electric (KE). Also present were KE Board Members Javed Kureishi, Mubasher H. Sheikh, CEO Moonis Alvi, Chief Regulatory Affairs Officer Imran Qureshi, and senior officials from the Finance Division.
The meeting focused on K-Electric’s strategies to meet the growing energy demands of Karachi and its shift towards renewable energy sources to provide affordable and sustainable power to the city’s residents.
KE’s team updated the minister on their plans to integrate renewable energy into their generation mix, aimed at reducing electricity costs for Karachi. They also shared other initiatives to improve service delivery in the city.
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The minister reaffirmed the government’s commitment to increasing private sector involvement in government-owned discos and gencos. He noted the initiation of the privatization process for three discos, aligning with the Prime Minister’s vision to empower the private sector in driving the economy.
The minister commended K-Electric’s investment and expansion efforts in energy and distribution operations, and expressed full support for their transition to renewable energy and the use of domestic resources to produce more affordable electricity.
