Annual subsidy worth 100 billion can be reduced by generating electricity from natural gas, KATI

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President of Korangi Association of Trade and Industry (KATI) Faraz-ur-Rehman said that the government could save 100 billion rupees annually by running K.E. plants on natural gas. However, the government is supplying expensive imported RLNG for power generation, which is not only increasing the burden on the public in terms of fuel adjustment but also increasing the volume of circular debt. He also said that the government should ensure that K.E. installs maximum solar and Thar coal projects to reduce the impact of fuel adjustment charges on the citizens of Karachi.

President KATI said K Electric should complete renewable energy projects within two years, including coal and solar energy. He said that K Electric needs to raise funds from international and local financial institutions to implement renewable energy projects by making immediate investments.

Faraz-ur-Rehman said that the only solution to the energy crisis in the country is to increase dependence on renewable energy and abandon electricity generation from furnace oil and expensive diesel.

President KATI demanded that at least 2000 MW of power be provided to K.E from the National Grid and that the pending work of transmission lines be completed on a priority basis.

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