Tariff determination: Sugar millers defend renewable energy projects

ISLAMABAD: Expressing dismay over the government’s alleged preference for imported fuel-based power plants, the Pakistan Sugar Mills Association (PSMA) has called for revising policy priorities and encouraging renewable energy projects in order to ease the pressure on foreign exchange reserves.

“Initial 390 megawatts of electricity from bagasse-based projects of sugar mills will translate into savings of $131 million per annum in relation to furnace oil imports,” said PSMA Chairperson Javed Kayani in a statement on Thursday.

Published in The Express Tribune, 20th April, 2018