As the production cost continues to go high and Pakistan has become uncompetitive in global market the Federation of Pakistan Chambers of Commerce & Industry has termed the government’s recent agreement with the Independent Power producers a right step in the right direction to lower cost of electricity generation, also calling for forensic audit of the IPPs to save the dying local industry.
FPCCI President Mian Anjum Nisar called for bringing power and gas tariffs for domestic as well as export sectors compatible to tariff being applied in regional and neighboring countries as the industry is presently paying around Rs24 per unit of electricity as compared with regional tariff of about 7.5 cents per unit in regional countries. He added that the low energy tariff is the only way to ensure more investment in the country.
“FPCCI demands forensic audit of IPPs matter, besides impeachment of those, who are responsible, without any discrimination in the larger national interest and for the sake of country,” he added.
He applauded the government as well as the IPPs, to sign a pact in the larger interest under the 1994 and 2002 power policy, agreeing voluntarily concessions, leading to reduce cost of power generation and cut circular debt, but still there is room of slashing power generation cost further keeping in view of the global trend of power producers, he added.