Faisalabad Electric Supply Company (Fesco) has inked an agreement with Shakar Ganj Sugar Mills (SGSM) for the purchase of two megawatt (MW) of electricity. Chief Executive Fesco Ahmad Saeed Akhtar and Awais Qureshi of Shakar Ganj Sugar Mills signed the agreement and exchanged documents in a function held at Fesco headquarters here on Thursday.
The chief executive expressed satisfaction over this agreement and said that Shakar Ganj Energy Limited Jhang was already providing 12-MW electricity while it would also supply another two MW to Fesco at its 11 KV system. He said that Fesco was already purchasing surplus energy from private power producers (PPP) and captive power plants to bridge wide gap between demand and supply in this major load centre of the country.
He said that Fesco is getting approximately 52 MW electricity from PPP and was exploiting opportunities to purchase more electricity from PPP and captive power plants to overcome the load shedding. About this agreement, he said that it is for next 20 years and its price would be linked with prevailing gas tariff.