Pakistan Facing Huge Financial Loss due to Poor Energy Efficiency
THE President of Islamabad Chamber of Commerce & Industry (ICCI) Zahid Maqbool remarked that Pakistan is facing huge financial losses due to uncontrolled line losses, theft, inefficiency & wastage of power.
He suggested the Pakistan government should consider promulgating an Energy Efficiency Law to promote a culture of energy efficiency and power conservation in the country.
He added the country desperately needs to promote energy conservation measures for reviving the economy, improving production and restoring jobs - adding that the promulgation of Energy Efficiency Law would go a long way in achieving these goals.
In recent months calls have been made for Pakistan to become energy efficient so as to compete in a world market that is becoming increasingly concerned with energy conservation and environmental concerns.
Maqbool also said the government should constitute Energy Efficiency Committees who could monitor the compliance of energy efficiency law and ensure its proper implementation to control wastage of energy.
Monday 26th April 2010
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