The Islamabad Chamber of Commerce and Industry stressed the need for developing low-cost energy through cheap energy sources including hydro, biomass, coal, solar, wind and nuclear. In a meeting with members of the chamber here, President ICCI, Zahid Maqbool, said that China was producing more than 50 percent of its electricity through coal adding that India also produces 40 percent of electricity from coal.
"It is unfortunate that Pakistan is generating less than one percent of power from coal despite having coal reserves of around 185 billion tons only in Thar, which are reportedly equivalent to 618 billion barrels of crude oil," Zahid Maqbool remarked.
He urged upon the government to devise a comprehensive long-term energy plan for meeting the country's energy requirements for five, 10 or 15 years from now. He also highlighted the importance of resolving the circular debt issue so that independent power producers (IPPs) could operate up to their full capacity, which will sufficiently mitigate the current energy crisis.
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