Home / Knowledge / News / Textiles / Power tariff hike acceptable for sustained supply: APTMA
Power tariff hike acceptable for sustained supply: APTMA
16
Aug '13
Industrialists are well aware that unrelenting power supply can only be expected if they pay actual production cost, All Pakistan Textile Mills Association (APTMA) Group Leader Gohar Ejaz said, and added that industrialists are ready to accept the power tariff hike if the Government vouches to keep its promise of reducing the rates after three years, The News reported. 
 
The statement comes after all the condemnations and rejections following recent announcement of up to 70 percent hike in the power tariffs.
 
Mr. Ejaz said while the Government plans to introduce low-cost electricity in the medium-term to reduce power rates, the textile industries are also developing ways to boost their efficiencies to balance the power tariff hike.
 
APTMA has decided to establish coal-based power plants at Gadani to meet power requirements of the industry, and has also obtained the Government’s nod for the same. If everything goes well APTMA would be able to provide power to all its members at 50 percent of the prevailing rates over the next 30 months, he added.
 
Meanwhile, Punjab Industrial Estates Development Company Chairman SM Tanveer said increased power tariffs would force the industries to improve their efficiencies. Pointing out that 90 percent of industries and commercial enterprises do not perform any energy audit, he said such audits can help a unit to save 10-20 percent on power costs. 
 
He hailed the new power policy, but added that timely implementation is necessary for results.
 
Last month, the Government of Pakistan formulated the National Energy Policy 2013-18 aiming to ensure sustainable power supply through measures like reducing power subsidies, increasing tariffs for commercial and private consumers, generation of low-cost electricity, minimize pilferage and adulteration in power supply and ensuring an efficient distribution network through continuous electronic surveillance.
 

Fibre2fashion News Desk - India


Must ReadView All

ITC, ICS tie up to help Moroccan textile value chain

Textiles | On 21st Apr 2018

ITC, ICS tie up to help Moroccan textile value chain

The International Trade Centre (ITC) has partnered with ICS, which...

Bangladesh garment manufacturers call for fair pricing

Apparel/Garments | On 21st Apr 2018

Bangladesh garment manufacturers call for fair pricing

Bangladesh garment manufacturers want a ‘commensurate adjustment’ by...

Pak ministry proposes extension to PM package for 2018-19

Textiles | On 21st Apr 2018

Pak ministry proposes extension to PM package for 2018-19

Pakistani textile ministry has reportedly proposed extending the...

Interviews View All

Amrit Sethia
SOIE

‘The intimatewear category in India is slowly becoming trend-sensitive.’

Yash Maniyar
Rekha Maniyar

Indian fashion market is growing at a staggering rate

Headhonchos
Textiles & allied industry

Textiles industry is always in the forefront in accepting latest technology

Tom Adeyoola

Describing itself as the best body shape and garment fit company in the...

Abhishek Pachauri

Reckon Industries adapts latest systems for manufacturing from designing...

Liz Manning

<div><b>Liz Manning</b>, Business Development Manager at Catexel, has...

Mark Paterson
Technical Absorbents Ltd

Mark Paterson, R&D manager of Technical Absorbents Ltd talks about Super...

Eric Scholler
Groz-Beckert

The Indian market has huge potential in technical textiles, and by far,...

Larry L Kinn
Suominen Corporation

Larry L Kinn, Senior Vice President - Operations Americas of Suominen...

Amiben Shroff
Shrujan

From its modest beginning in the late 1960s, Shrujan has grown into a...

Wendell Rodricks
Wendell Rodricks

"We should not compare India and the West. There are things we do that...

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