Pak people continue to suffer due to power cuts as electricity shortfall reaches 6500 mw

ANI
28 May 2022, 14:48 GMT+10

Lahore [Pakistan], May 28 (ANI): Pakistan is reeling under an acute electricity crisis resulting in a power shortfall of 6,500 megawatts (MW) accompanied by long hours of load shedding, lasting up to 12 hours.

Against a demand of 26,000 megawatts, the power supply in the country remained at 19,500 megawatts, reported Ary News. Rural areas in Pakistan are experiencing power cuts for up to 12 hours.

Further, the electricity shortfall of Lahore Electric Supply Company(LESCO) has reached 8,00 megawatts. Although the electricity demand is 4,800 megawatts, the electricity supply is 4,000 megawatts.

The closure of several power plants in Pakistan due to lack of fuel and other technical pitfalls has caused an electricity shortfall, resulting in power outages. Few powerplants also received capacity payments post-shutdown as well.

Meanwhile, ceding to the demands of the International Monetary Fund for the release of USD 1 billion loan tranche, the Pakistani government led by Prime Minister Shehbaz Sharif has decided to hike the electricity prices by Rs 7 besides privatization of profitable public-owned DISCOs.

This comes after IMF expressed concern over the Rs 2,600 billion power tariff. The Fund had suggested the government immediately privatize the public-owned profitable DISCOs. (ANI)

Watch latest videos

News RELEASES

Publish news of your business, community or sports group, personnel appointments, major event and more by submitting a news release to Breaking Property News.

More Information

null in null

Business

Section

Engine defect prompts Nissan to recall over 443,000 vehicles

FRANKLIN, Tennessee: Hundreds of thousands of Nissan and Infiniti vehicles are being recalled across the United States due to a potential...

Microsoft trims jobs to manage soaring AI infrastructure costs

REDMOND, Washington: Microsoft is the latest tech giant to announce significant job cuts, as the financial strain of building next-generation...

Stocks worldwide struggle to make ground Friday with Wall Street closed

LONDON UK - U.S. stock markets were closed on Friday for Independence Day. Global Forex Markets Wrap Up Friday with Greeback Comeback...

Nvidia briefly tops Apple’s record in AI-fueled stock rally

SANTA CLARA, California: Nvidia came within a whisker of making financial history on July 3, briefly surpassing Apple's all-time market...

ICE raids leave crops rotting in California, farmers fear collapse

SACRAMENTO, California: California's multibillion-dollar farms are facing a growing crisis—not from drought or pests, but from a sudden...

Trump signals progress on India Trade, criticizes Japan stance

WASHINGTON, D.C.: President Donald Trump says the United States could soon reach a trade deal with India. He believes this deal would...

Construction

Section