Sustainability of such plants can be further strengthened by supplementing income from those plants through an additional payment by the users who would like to be identified with these “green” plants.
That means the users of green power will have to pay for the energy it uses, the standard electricity tariff offered by the CEB plus an additional amount directly to the “green” power plant.
As an initial step, Nilwalabase Hydro Power (Pvt) Limited enters into agreement with MAS Fabric Park to be the beneficiary of the supplementary charge corresponding to about 2.5-4 million units of electricity.
In turn, every calendar year, it will ensure supplying sufficient energy to the system in order to meet the “green” energy demand of the Park.
While the CEB continues to be the supplier of electricity to the Park, its supply of “green” power component of the Park is identified with the Nilwalabase Hydro Power (Pvt) Limited with the payment of supplementary charge.
The final energy counts of this process are verified by the PUCSL as an independent agency and the designated regulator of the electricity industry.
It is expected that this concept will be replicated to other “green” power agreements eventually benefiting the “green” manufacturing industries in this country.
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