ISLAMABAD: Federal Minister for Electricity Khurram Dastagir on Tuesday vowed that the rates of electricity would be reduced gradually.
Addressing the press conference, Khurram Dastagir said that the electricity generated from the Thar Coal Power Project is a gift to the people. He also stated that Tharcoal will generate 1320 MW in December and 2640 MW by summer next year.The federal minister said that the coal available from the world at the price of $400 per ton will be available from Thar at the rate of $40 dollars per ton.
Stating that other industries, including gas and cement, would also benefit from Thar coal power, Dastagir said furnace oil-fired power plants were shut down due to falling oil prices, dollar appreciation and reduced power demand.
The federal minister said that the fuel price adjustment in the month of June was Rs9.89 which was included in the August bill, the fuel price adjustment for the current month will be only Rs0.22.
