ISLAMABAD: Caretaker Minister for Commerce, Industries, Interior and Overseas Pakistanis, Gohar Ijaz Saturday said the captive plant-based industry must shift to grid but at the same time electricity prices be fixed at cents 9/kWh instead of cents 14/kWh.

Talking to Business Recorder, he said the government wanted to close down captive generation by Jan 25 aimed at shifting industry load to grid electricity but the electricity prices for industry have to be at regional prices as approved by the SIFC Apex Committee

Gohar Ejaz assesses operational status of Port Qasim SEZ

“Industry should not be made to subsidise other consumers as it has to be competitive to provide jobs and export products to the world market,” he said adding that in present scenario, the increase in captive prices from cents 10/kWh to cents 12/kWh will lead to closure of industry as industry will lose orders to India Bangladesh and Vietnam where energy prices are less than 9 cents for the industry.

Copyright Business Recorder, 2024


Comments are closed.

Saeed Feb 18, 2024 03:15pm
Mr Ejaz When PTI Tried To Do This You and APTMA Raised Hell On Earth Why The Sudden Change Now????
thumb_up Recommended (0)
Haseeb uddin Azam Toor Feb 18, 2024 11:48pm
are energy price , the,only difference between Pakistan, bangladesh, india and nigeria.
thumb_up Recommended (0)
Rafique Feb 19, 2024 09:51am
For the supply of electricity from the grid, is not the minister ignoring the factors like load shading and fluctuating voltage?
thumb_up Recommended (0)
Rafique Feb 19, 2024 09:59am
Ensuring uninterrupted electric power supply for a process plant is crucial. Could the minister ensure it and compensate for the losses incurred due to the interruptions?
thumb_up Recommended (0)