Thursday, May 30, 2013

Pakistan: No early end to load shedding

Editorial: Daily Times
With load shedding in Pakistan reaching debilitating heights, the recent statement by the head of the incoming PML-N government, Nawaz Sharif, about how the energy crisis will not be solved immediately, could not have come at a more apt moment. Addressing a Youm-e-Takbeer ceremony in Lahore the other day, the incoming prime minister did offer the energy-starved masses some respite by saying that he would work to improve the situation as soon as his government steps in. Nawaz Sharif went so far as to say that it was a shame that the country has made itself a nuclear power but has been unable to provide energy to the citizens. Whilst this is an apt analogy, it speaks volumes about the priorities of our various governments, Nawaz Sharif’s included, during whose watch we tested these above mentioned nuclear weapons but are now suffering because our industries are shutting down and lives are becoming miserable due to the lack of electricity. This blunt address to the nation could not have been timelier; we are suffering record load shedding — sometimes as much as a whopping 20 hours a day even in the urban centres — during a record heat wave. The masses, who came out in droves in these landmark elections to vote and elect more maturely, have unrealistically high expectations. Frustrated and defeated by the lack of power, they would like to believe that the incoming government will step in on June 5 and load shedding will be a thing of the past on June 6. To address this misconception is wise. However, it would bode well for Nawaz Sharif to remember that the masses also have an agenda they want fulfilled by their elected leaders and they will not stand for more rhetoric and quick fixes. If there was one slogan the masses were paying close attention to it was that of each party’s policy on load shedding. Shahbaz Sharif was quite vocal during the PML-N’s campaign drive about how electricity matters would be resolved instantly or at the very least within months. Nawaz Sharif’s dose of the bitter truth is wise but it must lead to his party addressing the energy crisis on a war footing. While all sorts of measures will be introduced from short-term measures, where austerity and conservation will be practiced, it is of the utmost importance that real working be started on long term measures such as power generation and the different options that are available. The past two governments have made a mockery of the power crisis and it is vital that the PML-N government not fall into the same rut as the others, where stopgap measures were taken but no real work was done to significantly add to the national grid. The main cause must be addressed: the tightening stranglehold of circular debt. Until and unless the distribution companies manage to collect the colossal amounts of money owed to them by first and foremost government institutions, which have not paid their bills in years, to give to the power supply companies, which in turn have to pay Pakistan State Oil for fuel, there is no way the energy crisis will ever be resolved. Retiring the current circular debt through treasury bills worth Rs 500 billion is of course a welcome measure. But unless the root causes of circular debt and how it arose in the first place are addressed, the cycle of circular debt is likely to build up again. It is the government, through and through, that needs to clean up its act in every way for this massive crisis to end so that there really may be some light at the end of the tunnel.

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