September 05, 2013
The export-oriented industry should be rescued from collapse by withdrawing massive increase in gas tariff, this was stated by the Zonal Chairman, All Pakistan Textile Mills Association (APTMA), Yasin Siddik.
He said that Captive Power Plants (CPPs) are more efficient than IPPs (Independent Power Plants) and contributing to the national economy and fetching precious foreign exchange to the country, In a statement, the APTMA chief has quoted the new Energy Policy issued by the National Electricity and Power Regulatory Authority (NEPRA) under which the thermal efficiency of IPPs stands at 52 per cent and their line losses are 22 percent and another 6 per cent is theft and pilferage.
He said that when calculated on 52 percent these line losses and pilferage work out to be 14 to 16 percent. Therefore, the net efficiency of the IPPs is 36 percent which is less than the CPPs. He said that the CPP’s contribution to the economy and employment generation besides earning precious foreign exchange has match with any other power generating units. He earnestly appealed to the Prime Minister Nawaz Sharif to withdraw the 86 per cent increase in gas tariff on CPPs in order to save export-oriented industry from total collapse. Courtesy Business Recorder
Published in ZaraiMedia.com