Islamabad: Pakistan’s energy sector is set to witness a revolutionary development, as Energy Minister Owais Leghari has said that the country’s first competitive energy market policy will be implemented in the next two months. Under this policy, the old method of purchasing electricity by the government will end, and electricity trading will be possible at the private level.
This announcement came after the Power Division’s announcement that a World Bank delegation led by Regional Vice President Usman Dion met Owais Leghari. The meeting discussed in detail the ongoing reforms in the energy sector, net metering policy, and privatization issues.
Owais Leghari said that under the new policy, “wheeling charges” and other modern systems are being introduced, while the government will only play a regulatory role. He said that Pakistan’s energy policy is now oriented towards the development of the private sector and transparency.
The World Bank’s Regional Vice President, while appreciating these reforms, said that the energy sector is very important for the development of any country, and the World Bank will continue to fully cooperate with Pakistan in this regard.
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