ISLAMABAD, Mar 15 (APP):Minister for Power Omer Ayub Khan Friday formally launched Central Power Purchasing Agency (CPPA)’s Data Exchange Portal (CDXP), aimed at making a gradual transition to paperless economy and improve communication among all stakeholders of the power sector.

The power generations companies would submit and receive information electronically through the web portal, which would help improve efficiency of the power sector.

Addressing the inaugural ceremony here, Omer Ayub said the web portal launched was a step towards materializing the dream of making the power sector a vibrant body, removing all bottlenecks.

He said Pakistan’s energy market, which was currently based on single-buyer/seller market, would be transformed into a wholesale or merchant market soon.

The government, under dynamic leadership of Prime Minister Imran Khan, he said, was committed to bringing drastic changes in rules and regulations of all attached departments of the Power Division to “debottleneck the bottlenecks.”

“Our ultimate thrust is to establishing a wholesale energy market as it will bring efficient players in power generation and distribution sector,” he said, adding, it would cut down energy generation cost, provide reliable energy and give substantial relief to consumers.

Under the competitive energy cost, he said, industrial sector would get a boost and the country’s export would increase, strengthening the national economy and overcoming both the current and fiscal account deficits.

Omer Ayub said at present the country’s around 60 per cent energy bill, based on 30,000 MW installed electricity approximately, was based on fossil fuel including gas, coal and oil, while 30 per cent was hydel, six per cent nuclear and four per cent renewal.

“Our target for the year 2030 is to replace the energy mix ratio. By then, there will be 30 per cent of the total energy mix, approximately around 55,000 MW will be installed based, 30 per cent of the energy mix approximately around 18,000 MW will be renewable, while 30 to 40 per cent hydel, nuclear energy 10 per cent and the balance will go to fossil fuel.”

He said indigenization of energy-mix would secure the country “energy security life,” bring down the power generation cost and promote the environment of competition in power sector.

Referring to economic progress achieved by China, he said it was all based on increased productivity with minimum expenses.

The minister said in the coming years there would be revolutionary changes in the field of technology and there was dire need to equip the departments with latest trends matching the requirements of present and future dynamics.

He said the government was working to introduce Artificial Intelligence (AI) field in Pakistan, which was being adopted in developed countries, adding, “Nowadays, the AI is not a fantasy, it is reality.”

Commenting on Green Pakistan programme, the minister said in next few days a conference would be arranged to implement the net-metering system in all distribution companies with full thrust.

He said the country’s power generation varied in winter and summer seasons and due to regular maintenance of power producing units.

He said Pakistan was negotiating with Iran and Turkmenistan for import of electricity, adding, a Joint Working Group had been formed with Turkmenistan to get 2,000 MW power on competitive rates under the Turkmenistan-Afghanistan-Pakistan energy supply line.

Clarifying, he said it would be other than the Turkmenistan-Afghanistan-Pakistan-India gas pipeline.

Omer Ayub said the government was making efforts to reinforce the existing power transmission system, under which it recently completed financial close of
Matiari-Lahore transmission line, of which ground-breaking would be performed soon.

He said the energy sector’s circular debt had increased during the five-year term of Pakistan Muslim League-Nawaz (PML-N) government due to its wrong policies and expensive power generation, which badly affected the national economy and ruined the power sector.

The minister said the previous government compromised on Pakistan’s economy and financial health, and adversely impacted the Power Sector “due to its selfish goals of attempting to win votes based on whimsical decisions.”

Later, the minister distributed certificates among 25 IT professionals who got training at CCPA on “Tools for Generation Costs Optimization.”