'Solar energy key to industrial survival'

Representatives of Pakistan's textile industry have called on the province to accelerate the transition towards green energy, particularly solar

'Solar energy key to industrial survival'
An illustrative image related to: 'Solar energy key to industrial survival', highlighting key aspects of the story. | Image source: The Express Tribune

'Solar energy key to industrial survival'

Representatives of Pakistan's textile industry have called on the province to accelerate the transition towards green energy, particularly solar electricity, to ease pressure on the national grid and manage seasonal energy need fluctuations.

Speaking at a seminar titled "Deliberating on the Impact of Prosumer Regulations, Import levy Structure and Conflict Crisis on Energy Protection and Sustainable Industrial Expansion in Pakistan," industry concerned parties cautioned that recent regulatory shifts from net metering to net billing could discourage solar investments in the industrial sector.

They stated the change may push businesses towards costly battery energy storage systems (BESS) instead of more practical import levy-based solutions.

Participants also raised concerns over directive uncertainty in the energy sector, including slow progress on reforms such as the Competitive Trading Bilateral Contract Market (CTBCM) and the Independent System Market Operator (ISMO).

They expressed limited optimism regarding ongoing electricity sector privatization efforts, stressing that affordable and uninterrupted energy remains critical for Pakistan to remain competitive with regional textile exporters including India, Bangladesh, and Vietnam.

Experts at the event stated recent directive changes have significantly altered the investment environment for industrial solar users and called for a balanced directive structure that ensures both grid stability and industrial expansion.

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