As per news published in The NEWS;
Be ready to face further hardtime for long as with out "POWER".
Country has sevior problem, while authorities still engaged to resolve rubbish CJ matters, and there is no any action plan as yet, in any liu of the development of civil society of approx 168 million peoples.
If its true, then we may go back to the stoneage, as present industrial and economical structure can be damage unemployment will be higher, Inflation wud be shoot further, which can creat lot of further social problems........!!!
Here I wud like to ask .....if this is the situation then why the deciession maker are so relex and they are putting all their attention to Judiciary, they have to prioritize the matter accordingly to their importance and seriouness as whole, (not personal). and conceren to the related issue on emergency basis. .....ever problem has solution ..so .. they shud workout the best possibilities, and implement it to overcome the problems on revolutionary basis.
Please read the Following news published in The NEWS!
Monday, April 21, 2008
ISLAMABAD: The energy crisis may further deepen in the country with the emergence of several contentious issues between stakeholders, Pakistan Electric Power Company (Pepco), Pakistan State Oil (PSO) and the thermal power generation companies, The News has learnt.
The Pepco, that wants its Rs 129 billion receivables recovered forthwith to discharge cash liability, has received threats from oil supplier as well as from power generation companies to stop supplies if payments are not made on immediate basis," the official sources disclosed.
The Pepco Managing Director Munawar Baseer, when contacted, confirmed that the issues with PSO and the power generation companies are still unresolved though his department has taken up this issue with the federal government.
The PSO has threatened to suspend furnace oil supply to all thermal power houses if the electricity generation companies do not pay due amounts on immediate basis. "Likewise the companies have extended a threat to stop electricity generation if Pepco does not release them due power charges to make payments to the PSO," the sources elaborated.
The Pepco chief also disclosed that his department would soon make public the factual position about the recent controversies regarding the arrears, furnace oil supplies and electricity provision by the thermal companies.
"It's almost impossible to overcome the crisis till we receive arrears with the help of the federal government as we need not only investment for more electricity generation but also have to discharge our liabilities," Munawar Baseer further said.
The Pepco has sought center's help in recovering receivables Rs74 billion from Federal Administered Tribal Areas (Fata), Rs39 billion from Karachi Electric Supply Company (Kesc) and Rs20 billion from the government of Pakistan against scope bonds.
Being responsible for electricity provision throughout the country after taking over all functions from Water and Power Development Authority (Wapda), the Pepco has updated the Centre about the expected crisis in case the pending issues remain unsettled for next couple of days, the official sources said.
Meanwhile, the PSO has approached Ministry of Petroleum and Natural Resources seeking release of Rs58 billion from companies and other government departments on the head of Price Deferential Claim (PDC).
The PSO, in a letter written to petroleum minister last week, mentioned that it (PSO) has to pay Rs54 billion to refineries on account of the furnace oil and discharge other liabilities.Therefore Rs58 billion PDC amount receivable from Pepco (Rs10.7 billion), Hubco (Rs3 bilion), PIA (Rs2 billion) and Rs42.40 billion from other departments must be released immediately, otherwise there would be no option but to suspend furnace oil supplies, the sources elaborated.
The Water and Power Ministry and Petroleum Ministry, the sources said, have formally conveyed to the finance ministry the concerns of the Pepco and PSO respectively as well as expected scenario at a time when the country is already badly suffering due to the electricity crisis.
"The Water and Power Ministry, in its official communication, told the finance department that the issues between PSO, Pepco and power generation companies are of immediate nature to be resolved to avoid Multan-like situation in the other parts of the country," the official sources further said.
The thermal power generation companies, the official sources said, maintain stocks of furnace oil for only two to three days and there can be a worst kind of energy crisis in the country that is already in grip of severe load shedding.
"Both the ministries after receiving complaints from PSO and Pepco has asked the finance ministry to resolve the issue through cash arrangements or call the stakeholders to find solution to avoid an ugly situation," the sources maintained.
Giving further details about the breakup, the official sources said, the electricity arrears against Fata are a headache as these stand at Rs74 billion at present. "The Pepco, that obtained a host of problems from Wapda, has asked both the water and power and finance ministries to help recover these arrears.
"Oil supplies will have to be stopped in case of delay in payments," what the official sources quoted a communication from PSO to the Pepco and ministry of petroleum. "Even the amount of Rs20 billion against scope bonds is a major issue for the Pepco , there would be a substantial relief in discharging the cash liability as well as increasing power generation up to some extent," the water and power sources said.
These sources maintained that the threats from thermal power companies including Hubco are great problems for it as they called for release of electricity charges to pay the PSO, or they will also suspend the power provision.
In response to a question, the sources said that the finance ministry is still unmoved over calling the meeting or paying to the Wapda the immediately needed cash to discharge its liability at least by paying to the PSO and the power generation companies to avert possible energy crisis.