ISLAMABAD: Water and Power Minister Khurram Dastgir said that no agreement with Karachi Electric (KE) has been in place since 2015 and a new agreement with K Electric will be finalized within the next few days.
Answering a question during a Senate session, Water and Power Minister Khurram Dastgir stated that the federal government is supplying up to 1,000 megawatts of electricity to KE daily.
He also mentioned that K Electric has to pay Sui Southern, and they are receiving a discount of 20 Rupees on electricity.
The Minister said that there has been no agreement with KE since 2015. However, a new agreement with K Electric will be completed within the next few days.
He noted that K Electric is a significant project and the reconciliation process is ongoing with the company.
The Minister added that facilities will be provided to K Electric to establish a low-cost power plant in Thar.
Russian Cargo Arrival to Begin in April
Minister of State for Petroleum, Dr. Musadik Malik, informed the Senate on Friday that vessels carrying Russian oil and petroleum products will start arriving in Pakistan from April of this year.
In response to a question from Senator Mushtaq Ahmed during the question hour, he stated that negotiations are ongoing with the National Shipping Corporation (NSC) for the transportation of Russian oil.
High-level meetings took place between Pakistani and Russian delegates in January 2023 to discuss the trade of petroleum products.
The discussions for a long-term contract to import crude oil, which would meet up to 20% of Pakistan’s crude oil import needs, are in progress with Russia.
Future meetings will address commercial terms, crude oil specifications, freight arrangements, and insurance coverage.
The details regarding the import of Russian fuel will be finalized by March of next year. Due to sanctions imposed on Iran, importing oil from Iran will be challenging, although some trade is currently taking place on a barter basis.
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