PM Shehbaz Sharif has reassured the nation that no amendments have been made to the existing solarization policy. Addressing concerns about potential alterations, the premier directed officials to dispel any misconceptions by presenting factual data and reliable statistics.
The commitment to solar energy remains firm as part of the broader agenda to transition towards sustainable energy solutions.
This initiative is part of the ongoing power sector reforms aimed at reducing the financial burden on households and businesses.
Fast-Tracking Privatization of Power Companies
During a high-level review meeting on the Power Division, the Prime Minister emphasized the urgent resolution of legal and procedural barriers hindering the privatization process of power generation companies.
He instructed authorities to accelerate the privatization of power distribution companies (DISCOs) as part of a broader economic reform agenda.
The privatization initiative aims to introduce competition, improve service delivery, and attract investments into the power sector.
Improved synergy between these entities is crucial to developing a cohesive energy strategy that ensures stable power supply, optimal utilization of energy resources, and effective implementation of reforms.
This collaborative approach will pave the way for an integrated and sustainable energy policy that supports economic growth.
Stakeholder Response and Industry Concerns
Amidst these developments, the solar energy sector has raised concerns regarding potential reductions in net metering rates, which could impact the attractiveness of solar power investments.
Industry stakeholders have called for clear policies that encourage solar adoption, ensuring that financial incentives remain intact to support the transition to renewable energy.
The energy sector is closely monitoring developments to ensure that policy decisions align with long-term sustainability goals.
Federal Minister for Economic Affairs PM Ahad Khan Cheema and Advisor Muhammad Ali participated via video link.
These discussions highlighted the government’s strong commitment to ensuring smooth implementation of energy sector reforms and tackling prevailing challenges.
