AGL 40.00 Decreased By ▼ -0.16 (-0.4%)
AIRLINK 129.53 Decreased By ▼ -2.20 (-1.67%)
BOP 6.68 Decreased By ▼ -0.01 (-0.15%)
CNERGY 4.63 Increased By ▲ 0.16 (3.58%)
DCL 8.94 Increased By ▲ 0.12 (1.36%)
DFML 41.69 Increased By ▲ 1.08 (2.66%)
DGKC 83.77 Decreased By ▼ -0.31 (-0.37%)
FCCL 32.77 Increased By ▲ 0.43 (1.33%)
FFBL 75.47 Increased By ▲ 6.86 (10%)
FFL 11.47 Increased By ▲ 0.12 (1.06%)
HUBC 110.55 Decreased By ▼ -1.21 (-1.08%)
HUMNL 14.56 Increased By ▲ 0.25 (1.75%)
KEL 5.39 Increased By ▲ 0.17 (3.26%)
KOSM 8.40 Decreased By ▼ -0.58 (-6.46%)
MLCF 39.79 Increased By ▲ 0.36 (0.91%)
NBP 60.29 No Change ▼ 0.00 (0%)
OGDC 199.66 Increased By ▲ 4.72 (2.42%)
PAEL 26.65 Decreased By ▼ -0.04 (-0.15%)
PIBTL 7.66 Increased By ▲ 0.18 (2.41%)
PPL 157.92 Increased By ▲ 2.15 (1.38%)
PRL 26.73 Increased By ▲ 0.05 (0.19%)
PTC 18.46 Increased By ▲ 0.16 (0.87%)
SEARL 82.44 Decreased By ▼ -0.58 (-0.7%)
TELE 8.31 Increased By ▲ 0.08 (0.97%)
TOMCL 34.51 Decreased By ▼ -0.04 (-0.12%)
TPLP 9.06 Increased By ▲ 0.25 (2.84%)
TREET 17.47 Increased By ▲ 0.77 (4.61%)
TRG 61.32 Decreased By ▼ -1.13 (-1.81%)
UNITY 27.43 Decreased By ▼ -0.01 (-0.04%)
WTL 1.38 Increased By ▲ 0.10 (7.81%)
BR100 10,407 Increased By 220 (2.16%)
BR30 31,713 Increased By 377.1 (1.2%)
KSE100 97,328 Increased By 1781.9 (1.86%)
KSE30 30,192 Increased By 614.4 (2.08%)

KARACHI: K-Electric (KE) CEO Moonis Alvi said SSGC has not been supplying the required gas to its generation plants and K-Electric is also in negotiations with PLL for enhanced and affordable supply of gas so that the utility can ensure cost-competitive sources of power generation.

He expressed his commitment to improve electricity supply to the city and keep a regular liaison with the entire business, industry and trade community from the platform of the apex body.

He also agreed with the demands of uninterrupted supply to the industry; better planning of the repair and maintenance activities and elimination of billing issues.

FPCCI president Irfan Iqbal Sheikh apprised the business, trade and industrial community of Karachi that in a high-profile, detailed and candid discussion with KE CEO at the Federation House, FPCCI has raised the longstanding issues with the electricity supply of the city in general and to the trade and industry in particular; including, load shedding, break-downs, unplanned shutdowns in the name of repair & maintenance, chronic mismanagement of T&D issues and over billing.

TI-P advocates supply of gas to KE as per priority order

Irfan Iqbal Sheikh said that factories never sleep and they work 24 / 7 / 365 and it is an established norm even in the third world countries to supply uninterrupted electricity to industrial areas. He explained that good will and credibility is everything in export markets; and, it becomes next to impossible to regain orders and access to export clients after missing the deadlines vis-à-vis export orders.

FPCCI chief has explained that the federal government must swing into action immediately to arrest the ever-depreciating & volatile rupee-dollar parity; else, industry would prefer to shutdown rather than paying up wards of Rs 60 / kWh; when accounted for all billing elements, i.e. per unit base tariff, fuel adjustment charges (FCA), sales tax, income tax, fixed charges, etc. He forewarned the government that it can not even enable the repeat of the export performance of FY22, if it fails to stabilize and strengthen the rupee to its real effective exchange range (REER) value.

Suleman Chawla, SVP FPCCI, expressed his profound concerns that despite being the industrial, commercial, financial and supply chain hub of a country of 220 million and a contributor of 60 percent of all the revenues, Karachi has suffered due to the disruptions in electricity supplies for the longest period. It must end now for good, he added. He has reiterated the demand of the business community to K-Electric to do away with the obsolete power plants and T&D losses to cut down its generation costs and pass on the benefit to the industry to reduce their cost of doing business; which has surpassed all the regional, sub-regional and international competitors.

Copyright Business Recorder, 2022

Comments

Comments are closed.