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

Textiles | On 20th Jul 2017

Provide safety net for cotton growers: Congress to Trump

A bipartisan Congressional coalition has called attention of...

Courtesy: ITMF

Textiles | On 20th Jul 2017

ITMF'17 themed on tech, trade, climate in disruptive times

The International Textile Manufacturers Federation (ITMF), an...

Textiles | On 20th Jul 2017

RIL’s Q1 FY18 petrochemicals revenue up 22.9% y-o-y

Reliance Industries Limited (RIL) has reported its financial...

Interviews View All

Veronique Lee
Modavanti

‘Sustainable fashion is trending upwards, slowly but surely, as people...

Subhashini Srinivasan
The S Studio

Ethnicwear market will see an upward trend if uniqueness and quality are...

Angelina Francesca Cheang
MY ANJE

'Consumers in the age-group 21 to 38 are driving the activewear trend'

Marcel Alberts
Eurofibers

Coating at a fibre level is a practice not usually seen in the...

Paolo Ocleppo
Sandvik Hyperion

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

Silke Brand-Kirsch
Schlegel und Partner

Silke Brand-Kirsch, executive partner of Schlegel und Partner, a leading...

Robert Brunner
Devereux

Golfwear and menswear brand Devereux is set for greener pastures. Robert...

Wendell Rodricks
Wendell Rodricks

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

Silvia Venturini Fendi
Fendi s.r.l

"Yes, my confidence and positive attitude are my strengths and should be...

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

July 2017

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

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

Yes No

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

Yes No

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


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



X