Prime Minister Shehbaz Sharif has approved a two-hour load-shedding plan for the summer season, which will run from March 1 to September 2023.
The decision was made during a high-powered meeting chaired by the Prime Minister.
Currently, the government is already implementing a two-hour power outage, which will continue during Ramazan as well. However, the meeting clarified that there will be no load-shedding during Sehr and Iftar times.
The load management plan was developed under three scenarios, depending on the availability of funds and power generation capacity. These scenarios include a two-hour, three-hour, and four-hour load-shedding plan.
During the meeting, officials stated that a total cash cover of Rs. 2.280 trillion would be needed for a two-hour load-shedding plan, Rs. 2.183 trillion for a three-hour plan, and Rs. 2.106 trillion for a four-hour plan.
The Central Power Purchasing Agency-Guarantee (CPPA-G) will provide Rs. 1.945 trillion for a two-hour load-shedding plan, Rs. 1.874 trillion for a three-hour plan, and Rs. 1.821 trillion for a four-hour plan.
The load management plan will also require a total forex cover of $1.280 billion will be required, of which $410 million, $343 million, and $299 million will be needed for two, three, and four-hour load-shedding respectively.
Furthermore, Rs. 175 billion, Rs. 164 billion, and Rs. 142 billion will be required for Residual Fuel Oil (RFO) for two, three, and four-hour load management, respectively. However, the government has decided not to use imported RFO for electricity generation.
Follow ProPakistani on Google News & scroll through your favourite content faster!
Support independent journalism
If you want to join us in our mission to share independent, global journalism to the world, we’d love to have you on our side. If you can, please support us on a monthly basis. It takes less than a minute to set up, and you can rest assured that you’re making a big impact every single month in support of open, independent journalism. Thank you.