Gauhar pointed out that there were several power plants that invested in rupees but their returns were linked with the US dollar and that anomaly was corrected. However, he said those power plants which borrowed from foreign banks would be allowed to continue with the dollar indexation. However, the adviser emphasied, the best option was that provinces should take control of DISCOs and give subsidy to their consumers. The government is working on introducing pre-paid cards for power consumers. About liquefied natural gas (LNG)-based power plants, Gauhar said the government wanted to privatise the plants and discussions were under way with banks to convert PSDP funding into project debt.

Source: The Express Tribune October 16, 2020 03:00 UTC