KARACHI, March 20: Karachi Electric Supply Company appreciates the efforts of the Honorable Governor of Sindh, Honorable Chief Minister of Sindh, and Ministry of Water and Power, to normalize the electricity situation in Karachi, says a KESC Press Release issued here on Saturday.
The Press Release said that the meeting of Federal “Cabinet Committee on Energy Crisis” held under the chairmanship of Federal Minister for Water and Power, Mr. Raja Pervaiz Ashraf, in Islamabad on Friday, had taken decisions to normalize electricity situation. As per decisions of the meeting, Pakistan State Oil (PSO) would enhance its existing credit facility to KESC to Rs 2 billion until April 20, 2010. This is in addition to the Rs. 1 billion working capital facility arranged by KESC from the National Bank of Pakistan (NBP) to procure furnace oil. KESC and PSO would sign a fuel supply agreement (FSA) on mutually agreed terms and conditions before April 20, 2010. Furthermore, Sui Southern Gas Company (SSGC) would enhance its gas supply volume to KESC at the earliest, the Release stated.
The Release further said that KESC would maintain its one-hourly three times a day scheduled load shedding regime for the time being for its Residential and Commercial customers, whilst continuing to exempt the Industries and various Strategic Customers/Sensitive Installations from scheduled load shedding.