While welcoming the progress, other leaders in Texas warned that the state’s energy grid would remain extremely “fragile” for a few days.
The World Bank has signed on Thursday two new power projects to be built in Pakistan of worth US$1.1 billion in the presence of Prime Minister Imran Khan
The NEPRA in its March 2019 order directed that the K-Electric could use diesel as an alternate fuel for two power plants.
The prime minister led meeting also okayed the closure of 1875-megawatt plants in the next two years.
The power plants would be closed down in a phase-wise manner, decided the cabinet body headed by Asad Umar.
The investors could bid for the projects with a facility of at most 70 percent loans from the banks.
No delay is being made in the timeline for privatization of power plants and other entities, announced Privatization Minister Muhammad Mian Soomro.
Federal Minister and Privatization Commission Chairman Muhammad Mian Soomro announced that initially the 1223 MW Balloki power plant in Chunian and a RLNG-based Bahadur Shah power plant in Haveli area would be privatized.
The cabinet also decided to establish special courts dealing with Sindh Building Control Authority (SBCA) cases after it emerged that the body has expedited action against illegal construction.