ISLAMABAD - Prime Minister Nawaz Sharif on Monday directed to ensure completion of ongoing power projects on time adding that he will monitor the progress on power projects on a regular basis.

“Timely completion of the ongoing energy projects (must) be ensured and measures be launched for registering a remarkable dip in loadshedding before advent of summer. I myself will review the pace of progress in energy projects”, he said while addressing a meeting of the cabinet committee on energy.

Water and Power secretary told the meeting that 2015 remained the best year for power generation and recovery of arrears. The meeting headed by Prime Minister Nawaz Sharif was informed that peak generation of power was 17,000MW last year.

The meeting was attended by Finance Minister Ishaq Dar, Water and Power Minister Khawaja Asif, Petroleum Minister Shahid Khaqan Abbasi, Punjab Chief Minister Shahbaz Sharif and other senior officials.

The secretary in his briefing said that line losses were reduced by 5.8% due to better monitoring and strategy to eliminate corruption and theft.

PM Nawaz was informed that Rs51 billion increase was noticed in recoveries while Rs10 billion were saved due to decrease in the line losses.

There are sufficient fuel stocks in the country. Facilities provided to new Independent Power Producers (IPPs) last year will help generate 12,000MW electricity, the secretary said.

The meeting was also informed that 9,090 megawatt additional electricity will be added to the grid by end of next year. Significant addition of electricity to national grid will not only minimise loadshedding but will also greatly contribute to economic and infrastructure development, he said.

Prime Minister Nawaz Sharif rode to power in 2013 on a promise to fix the electricity crisis, but Pakistan still truggles to provide power to its 190 million people and industries.