LAHORE - Pakistan Industrial and Traders Associations Front (PIAF) Chairman Irfan Iqbal Sheikh has desired an early implementation of CASA-1000 power project — a project of regional energy cooperation among Tajikistan, Pakistan, Afghanistan and Kyrgyzstan, enabling Pakistan to import 1,000MW of electricity to meet its growing energy needs.

It is good that Pakistan and Tajikistan signed a number of agreements aimed at broadening bilateral cooperation in the areas of trade, energy and connectivity but the government will have to allocate adequate funds locally for construction of big reservoirs in the federal budget 2016-17, not only to generate cheap and sufficient electricity but also to avert the threat of food security.

“The government should start early implementation of CASA-1000 project, which is an important project to help overcome energy shortage in the country. But water shortage is also one of the biggest reasons of electricity shortage at the one hand while raising food security challenges on the other.

Policy makers would have to understand that economic growth lies in construction of water reservoirs which are a cheap source of electricity. The government would have to create consensus for the early construction of water reservoirs, as KASA-1000 project will provide only cheaper electricity.