Home / Knowledge / News / Textiles / Pakistan textile sector mulls investment in solar energy
Pakistan textile sector mulls investment in solar energy
08
Jun '12
The textile industry in Pakistan is seriously considering solar energy as a viable option to keep their business running in the midst of severe power and gas shortages afflicting the country.

The ongoing power and gas crisis has severely affected production in Pakistan's export-oriented textile and garment sector.

About a decade ago, Pakistan invested large amount of capital to generate electricity through gas. However, these gas plants are unable to meet the present demand for fuel for transport and domestic purposes.

This has created a shortage of gas for industrial purposes and about 30 percent of textile and garment manufacturing units in Pakistan are facing the threat of closure.

In fact, the depleting availability of gas, combined with high cost of thermal electricity, is forcing the textile industry to think of replacing their captive power plants (CPPs) with solar energy plants.

Although setting up of solar plants is expensive compared with gas, it is less costly compared to thermal generation of power. While each unit of electricity produced using gas roughly costs around Pk Rs. 5, thermal energy costs Rs. 13 per unit. In comparison, solar electricity would cost Rs. 8 per unit.

Speaking to fibre2fashion, Mr. Ijaz Khokhar, Chief Coordinator, Pakistan Readymade Garments Manufacturers and Exporters Association (PRGMEA), said, “People in the textile industry are planning to replace the existing CPPs with solar energy.”

“However, doing so is not an overnight process. It may take another 1-1.5 years to reach its goal. Moreover, setting up a solar plant is very costly,” he adds.

Seeking Government support for installation of solar plants, he says, “At present, the circumstances are very tight and not suitable for investing in any new project. So, the Government should extend loans on a very low interest rate to motivate textile unit owners to invest in solar energy projects.”

Fibre2fashion News Desk - India


Must ReadView All

Global economic upswing became broader & stronger: IMF

Textiles | On 19th Apr 2018

Global economic upswing became broader & stronger: IMF

The global economic upswing that began around mid-2016 has become...

Courtesy: ITMA

Textiles | On 19th Apr 2018

ITMA 2019 expanding space due to overwhelming response

Due to overwhelming response, the exhibition space has been increased ...

BIDA’s Europe trip to showcase a different Bangladesh

Apparel/Garments | On 19th Apr 2018

BIDA’s Europe trip to showcase a different Bangladesh

The Bangladesh Investment Development Authority (BIDA) is taking a...

Interviews View All

Poojaa Kumar Deepak
Zeven

Zeven's performance sports apparel is designed for the Indian body type,...

Marazban F Velati
Sutlej Textiles & Industries limited

No training can be effective till the candidate believes in it.

Pinkesh Jain
Everflow Petrofils Ltd

‘An innovative technology which India needs desperately is the...

Harmeet Singh

New Delhi-based Jogindra Industries Private Limited provides an assortment ...

Anupam Arya

<div>Jaipur-based Fabriclore Retailing Pvt. Ltd. is attempting to revive...

John Kelley

Textile Events is one of the largest textile fair in the United Kingdom,...

Giorgio Mantovani
Corman S.p.A

Giorgio Mantovani, MD of Corman, with a presence in both Milano and New...

Paolo Ocleppo
Sandvik Hyperion

Paolo Ocleppo, Rotary Cutting Segment manager, Sandvik Hyperion discusses...

Kevin Nelson
TissueGen

Kevin Nelson, Chief Scientific Officer, TissueGen discusses the growing...

Sonam & Paras Modi
SVA

Sonam and Paras Modi's Sva Couture is synonymous with head-turning...

Vaanee Bhatia
Gritstones Clothing

<div>Delhi-based Gritstones Clothing offers quality and exemplary style...

Bani Batra

Bani Batra’s couture wedding collection is inspired by traditional Indian...

Press Release

Press Release

Letter to Editor

Letter to Editor

RSS Feed

RSS Feed

Submit your press release on


editorial@fibre2fashion.com

Letter To Editor






(Max. 8000 char.)

Search Companies





SEARCH

Leave your Comments


April 2018

Subscribe today and get the latest update on Textiles, Fashion, Apparel and so on.

news category


Related Categories:

Planning to Take the Leap towards
Sustainability?

Do you see sustainability as a route to business growth?

Yes No

Do you think the sustainability space has the needed tools and resources available for a business to lead change?

Yes No

Active Poll

Do you see sustainability as a route to business growth?

Yes
69.9%
No
12.6%
Skip
17.5%

Total Votes: 103

Do you think adopting a sustainable approach will be a profitable move for your business?

Yes No

Active Poll

Do you think the sustainability space has the needed tools and resources available for a business to lead change?

Yes
63.1%
No
29.1%
Skip
7.8%

Total Votes: 103

Do you want the world to know about your sustainability journey and your business’ environmental footprint?

Yes No

Active Poll

Do you think adopting a sustainable approach will be a profitable move for your business?

Yes
87.4%
No
8.7%
Skip
3.9%

Total Votes: 103

Thanks for your valuable feedback. Claim your free latest sustainability e-book.

Active Poll

Do you want the world to know about your sustainability journey and your business’ environmental footprint?

Yes
82.5%
No
7.8%
Skip
9.7%

Total Votes: 103


E-News Insight
Subscribe Today and Get the
Latest News Update in Your Mail Box.
Advanced Search