ISLAMABAD (APP) - Federal Minister for Water and Power Raja Pervez Ashraf said investment to the tune of $30 billion would be made in energy sector by 2015. Talking to a TV channel, he said twenty billion rupees would be invested by private sector. He said Kalabagh Dam project was cancelled because it could have harmed the cause of federation. He informed that no loadshedding is going on across the country. He told that water situation in dams is satisfactory and the country would get rid of loadshedding by December 2009. He said no option was left with the government other than to going to IMF for seeking bail out package to steer the country out of economic impasse, adding those criticizing this move should tell the government any alternative of this step. The country was facing energy crisis due to non generation of a single unit of electricity by the previous government, he said. Work was underway on Neelum Jhelum Hydel Power Project, he informed. He said power generation from Thar Coal deposits will start within the next five years. Presently, the country is facing short of 3500 MW to 4000 MW of electricity. Another major step in this direction is the construction of Bhasha dam and the contract has been awarded to the Chinese Consortium. The project has 25,000 MW identified potential. China excels in the construction of dams. He said Pakistan is a very attractive land for foreign investment. "We floated bids of $1.5 billion for the dam but received offers of $4 billion with bank guarantees," he said. He informed that a Turkish Company was installing a windmills power generation project with the capacity of 1000 MW. The Federal Minister said that the present government was trying its best to provide maximum relief to the common man despite the economic recession, which is a global phenomenon. "We will cut power rates in line with international oil prices," Raja Pervaiz Ashraf said. The major component of power generation in the country is oil- based. Sixty-five per cent of total generation is thermal, which is certainly costlier than hydel and coal fired generation.