Pakistan, Aug. 26 -- In a major step to reduce electricity costs for consumers, the Power Division has identified significant inefficiencies in power plants' procurement of imported coal and issued policy guidelines for corrective action that could save the national exchequer up to Rs380 million annually.

The revelation came across during a series of high-level meetings chaired by Federal Minister for Power Sardar Awais Ahmed Khan Leghari, where officials reviewed actual data, contractual arrangements and market practices rather than relying on reports or external inquiries, read a statement on Tuesday.

As per the PD, Pakistan has a significant fleet of coal-fired power plants with a combined capacity of approximately 5,280 megawatts th...