Energy allocation at Rs16.1b, but 93% to be spent on clearing pending dues

KARACHI: Sindh allocated Rs16.1 billion for the energy sector in fiscal year 2017-18, but a massive 93% of the amount would be utilised to clear pending dues of electricity companies like K-Electric, leaving only Rs1.1 billion to be spent on other heads.

“Budget estimates for current revenue expenditure of the energy department are estimated at Rs16.1 billion,” said Sindh government’s budget documents. “Of this, Rs15 billion will be spent on clearing outstanding liabilities of various government departments pertaining to distribution companies such as K-Electric, Hyderabad Electric Supply Corporation (HESCO) and SEPCO.”

The provincial government has already cleared outstanding liabilities amounting to Rs27.4 billion to HESCO and SEPCO and paid another Rs13 billion to K-Electric, Sindh Chief Minister Murad Ali Shah said in his budget speech in the provincial assembly on Monday.

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