Bergamo Acquisition Corp. (BGMO)

[Greengo]

BGMO to the rescue.

President Zardari asks Water and Power Ministry to step up plans to overcome power shortage
ISLAMABAD, Oct 25 (APP): President Asif Ali Zardari Saturday asked the Water and Power Ministry to step up plans for overcoming the severe ower crises that had gripped the country. He said this during an emergent meeting on power situation in the country held here at the Presidency. The President said there was no alternative to reducing the pass-through cost of electricity and asked the Ministry to consider whether it can be done through commodity trading enabling the government to book oil in the international market on long term basis.

Earlier the Water and Power Minister Raja Pervaiz Ashraf gave a detailed presentation on the availability of power, the specter of load shedding and the prevalent tariff.

The Water and Power Minister said the Special Committee constituted to review the increased power tariff had already decided to provide interim relief to the consumers and a sub committee had been set up to review the tariff structure.

Raja Pervaiz Ashraf said there was a power deficit of over 4700 mega watt in the country which had necessitated long hours of load shedding.