ISLAMABAD: Former President ICCI Shahid Rasheed Butt on Friday said eighteen new power plants to start production by 2023 boosting overall electricity production to 38000 megawatt.
In the summer season the surplus electricity will be 13000 megawatt while winters will see surplus power production by 26000 megawatt resulting in an unprecedented burden on the masses, he said.
Despite surplus power, there will be not let up in load shedding and outages while millions will not be connected to national grid due to poor transmission and distribution system, he added.
Shahid Rasheed Butt said that currently the Government is spending Rs850 billion in capacity payments but it is yet to come up with a proper plant to boost consumption or explore the chances of export.
He said that eighteen coal, wind, solar and hydropower plants will soon start providing thousands of megawatt electricity to the national grid which is not needed but the government will have to pay them billions in the capacity payments as per the agreements.