Ahsan Zafar Syed joins the panel discussion on fixing Pakistan’s power sector at the Future Summit.
#ENablingGROwth #Engro #FutureSummit #TFS
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Ahsan Zafar Syed joins the panel discussion on fixing Pakistan’s power sector at the #FutureSummit #TFS
#ENablingGROwth #Engro #FutureSummit #TFS
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"What would be your idea of liberalization and improving the power sector?"- Aftab Mahmood Butt, Chief Executive Officer, KAPCO moderating at the Future Summit.
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"The problem that we are facing is within the entire power value chain. The biggest issue is related to distribution & circular debt. 55-60% of the distribution company losses is contributing to circular debt"- Ahsan Zafar Syed, CEO of Engro Energy, speaking at the Future Summit.
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"Second issue is of surplus power stemming from lack of planning through an independent body. Then comes the demand issue and the cost issue." - Ahsan Zafar Syed, CEO of Engro Energy, speaking at the Future Summit.
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"We need to see what is the global trend or the trend in comparable markets. And the trend is to move away from a monopolistic, single-buyer market to a multiple buyer & seller market." -Ahsan Zafar Syed, CEO of Engro Energy, speaking at the Future Summit.
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"Engro Energy has embarked upon an MOU with the GoS which supports their vision of raising the renewable energy mix to 30% by 2030 and a 60% clean energy target and moving towards opening up the market."-Ahsan Zafar Syed, CEO of Engro Energy, speaking at the Future Summit.
"We are using the cluster of industries at Port Qasim and using resources at Jhimpur and connecting both of them through a dedicated transmission line."-Ahsan Zafar Syed, CEO of Engro Energy, speaking at the Future Summit.
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"In my opinion, the way forward is, resolving distribution companies issues, opening up the market, CTBCM is coming, the power sector is geared up, and the government is talking about it."-Ahsan Zafar Syed, CEO of Engro Energy, speaking at the Future Summit.
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"Someone has to present proof of concept. What we are suggesting is to get into bilateral contracts with bulk-power consumers so that the price eventually comes down."-Ahsan Zafar Syed, CEO of Engro Energy, speaking at the Future Summit.
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Jahangir Piracha, CEO of EPCL, presenting token of appreciation to the panelists at the Future Summit.
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