Islamabad, January 28, 2025 – Minister for Power Sardar Awais Leghari announced the government’s plan to auction surplus electricity generated within the country.
This initiative will provide industries with access to competitively priced power, fostering economic growth and creating new employment opportunities across Pakistan.
“By auctioning surplus electricity, we aim to ensure maximum benefit for the economy and the industrial sector,” stated Minister Leghari during an address in Islamabad. “This will not only stimulate industrial growth but also create a level playing field for businesses, encouraging innovation and competitiveness.”
Minister Leghari emphasized that the government is committed to fostering a conducive environment for industrial development. The auctioning of surplus electricity is a key step in this direction, providing industries with a reliable and affordable source of power.
Furthermore, Minister Leghari highlighted the government’s efforts to streamline the energy sector. This includes the recent introduction of the National Electric Vehicle (EV) Policy, which aims to encourage the adoption of electric vehicles by significantly reducing electricity tariffs for EV charging stations. This move aligns with the government’s vision of promoting sustainable energy solutions and reducing environmental impact.
“We are committed to reducing electricity tariffs for consumers while ensuring the financial sustainability of the power sector,” stated Minister Leghari. “To achieve this, we are revising agreements with Independent Power Producers (IPPs), both private and government-owned, to ensure transparency and sustainability.”
Minister Leghari announced a significant shift in the electricity trade landscape. By 2025, the government will no longer oversee electricity trade. Instead, consumers and power companies will directly negotiate electricity purchases, fostering competition and benefiting all stakeholders. This move will empower consumers and encourage innovation within the energy market.
“We are also empowering industrial estates and economic zones by allowing them to manage their own power distribution systems,” added Minister Leghari. “This will enhance efficiency and promote industrial activity within these zones.”
Recognizing the importance of domestic resource utilization, Minister Leghari stated that coal-based power plants operated by Chinese companies will transition from imported coal to locally mined coal from the Thar region. This shift will reduce import costs, support the local economy, and promote energy self-reliance.
In conclusion, Minister Leghari reiterated the government’s commitment to ensuring that surplus electricity benefits industries, fosters economic growth, and advances Pakistan’s energy sector through sustainable and innovative reforms. These initiatives will play a crucial role in strengthening the economy and improving the quality of life for all Pakistanis.
This expanded version provides a more comprehensive overview of the government’s plans, including the key objectives, benefits, and the broader context of energy sector reforms.