Debt commission probes energy plants' privatisation.

Position:Debt Inquiry Commission investigates Pakistan Tehreek-e-Insaf's plan to privatize two liquefied natural gas (LNG
 
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The Debt Inquiry Commission has prodded the government over its plan to privatise two liquefied natural gas (LNG)-fired power plants that the authorities want to sell to raise funds for budget financing.

The commission, in a meeting held last week, questioned the Ministry of Privatisation and the Ministry of Energy over the closure of Pakistan Steel Mills (PSM) and the decision to privatise LNG-fired power plants, said sources in the Ministry of Finance.

Haveli Bahadur Shah and Balloki power plants, which were based on LNG, were set up during the tenure of previous Pakistan Muslim League-Nawaz (PML-N) government in a bid to end load-shedding in Punjab as soon as possible.

One of the questions that the commission asked was about the fate of electricity supply at the time of war, sources said.

The commission's demand for details of LNG power plants appeared to be surprising as no foreign or domestic loans had been...

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