LAHORE – The head of Pakistan Tehreek-e-Insaf (PTI) Policy and Planning Cell, Jehangir Khan Tareen, has suggested to the government to immediately release 210mmcfd (millions of cubic feet per day) of gas to the power sector for dealing with the relentless loadshedding.

Tareen made this suggestion while addressing a press conference at the PTI’s central office in the provincial metropolis on Saturday.

He said that the country’s power generation capacity could be immediately increased by 1,000 megawatts, by releasing additional water from the Mangla and Tarbela dams.

This water would also help the ‘kharif’ crop in both Sindh and Punjab, he added.

Tareen suggested that the government should increase liquidity to deal with the issue of circular debt, in order to continue supplying furnace oil to the power plants.

 He said that this move could increase the country’s power generation capacity by 3,000 megawatts and reduce the circular debt.

Tareen said that the PPP-led coalition government at the helm of affairs in the Centre had doubled the power tariff in the past four years and spent almost Rs. 1 trillion (1,000 billion) in subsidy, but the situation had further deteriorated instead of showing any signs improvement.

The PTI leader warned that the country’s circular debt had already swelled to Rs. 450 billion and the future did not augur very well either.

 He urged the government to immediately implement the proposed formula to deal with the issue of loadshedding.