Govt to launch virtual grid, tackle load-shedding amid high fuel costs

Power Minister Awais Leghari revealed government plans to introduce a virtual grid system and promote battery use to allow consumers to generate and store electricity. The initiative aims to tackle prolonged load-shedding, which affects 3,500 feeders due to theft and line losses, by shifting outages to transformers and ensuring bill payers are unaffected. High international LNG prices, exacerbated by the Strait of Hormuz closure, are driving the need to reduce fuel costs, with a gas cargo now costing over $95 million compared to $30 million previously. These efforts to stabilize the power sector and manage energy costs could indirectly support the Pakistani Rupee by easing import burdens and improving economic stability, potentially influencing local gold prices.

بحوالہ / Source: www.dawn.com