MAPNA offers solution to Pakistan’s energy crisis

An Iran-based global company has offered immediate solution to the Pakistan’s prevalent power crisis which has pulled the economy down and crippled general life. Iran Power Plant Projects Management Company (MAPNA), the sixth largest power company in the world says it can bridge the gap between demand and supply of electricity within months. A delegation headed by Muhammad Hussain Baqri, head of international communications MAPNA said this while talking to Pakistan Economy Watch (PEW) President Dr Murtaza Mughal. He said Iran’s installed capacity is 70,000 MW out of which MAPNA is providing 67,000 MW and can easily provide up to 10,000 MW to Pakistan on very economical rates compared to any other neighbouring country. Pakistan’s current electricity shortfall stands at 7,000 MW. Baqri said MAPNA, having 39 subsidiaries, has its own gas fields and power plants construction facilities. It has been operating in 18 countries and it can also build power plants having international standards within 15 months with 20 percent discounted rates. He said the EUR 30 billion company also has interests in oil and gas, wind power and railways and it is willing that Pakistan improve its railways. The delegation also expressed interest in setting up power plants with 1,000 MW capacities and to supply and install 25 MW small power plants on ground as well as on barges to help Pakistan in overcoming the energy crisis on an urgent basis.