LCCI for uninterrupted power supply to the industry

Business News English

Lahore, January 12, 2021 (PPI-OT): The Lahore Chamber of Commerce and Industry while calling for uninterrupted electricity supply to the industrial sector, has urged the government to up-grade transmission and distribution system to ensure continuous electricity supply. In a statement on Monday, the LCCI President Mian Tariq Misbah, Senior Vice President Nasir Hameed Khan and Vice President Tahir Manzoor Chaudhry said that the countrywide electricity breakdown gave a big blow to the industrial sector and affected its production process. They said that repeated incidents of power failure in past have revealed weakness of power transmission and distribution system. They said that recent power failure has plunged country into darkness and situation can be further aggravated if steps on war footing are not taken.

They said that electricity is a basic ingredient for the industrial sector and is a must to keep the wheel of industry moving. They said that growth of local industry is a barometer of economy. The LCCI office-bearers said that it is a very good sign that government is well aware of the rising demand of electricity and working on a number of power projects days and nights but government should also be aware of the fact that existing power distribution system cannot bear the load of additional power.

They urged the government not to tolerate any laxity towards the up-gradation of power transmission and distribution system as any negligence could cause unbearable loss to the trade, industry and economy. They also urged the government to ensure early completion of ongoing power projects as it is not a must to keep the industrial wheel moving but economic growth is also linked with sufficient energy. The LCCI office-bearers said that the timely completion of hydropower projects is vital for the economy.

The LCCI office-bearers said that the government should share its energy plan with the Lahore Chamber of Commerce and Industry. Therefore, the government should understand the ground realities and reset its priorities power generation is concerned. They further stated that the consumers of the efficient distribution companies with lowest line losses and the highest recovery ratio are being treated fairly.

Office-bearers of the Lahore Chamber of Commerce and Industry said that promotion of alternate energy resources would definitely curtail the burden from conventional energy system therefore government should bring down duties and taxes on the equipment being used for power generation through alternate energy resources.

For more information, contact:
Information Department
Lahore Chamber of Commerce and Industry (LCCI)
11-Shahrah-e-Aiwan-e-Tijarat,
Lahore -54000, Pakistan
Tel: +92-42-111-222-499
Fax: +92-42-36368854
Website: http://www.lcci.com.pk/

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