Solar energy reduces FPCCI’s electricity cost by 60pc

Author: Staff Report

Irfan Iqbal Sheikh, president of the Federation of Pakistan Chambers of Commerce and Industry, has claimed that the installation of a solar energy system at Federation House has proven to be a model and a benchmark in terms of conserving precious financial resources through the use of renewable energy. He went on to say that Pakistan is endowed with sunshine throughout the year and that we must adapt and make the transition to solar energy, which has the potential to save billions of rupees per year in the city of Karachi alone.

Irfan Iqbal Sheikh mentioned that electricity bills of the FPCCI Head Office have dropped by a whopping 60 percent and sometimes savings go up to 70 percent; which will translate into millions of rupees and will reflect positively on our balance sheet. Resultantly, we will have more financial resources for R&D and trade promotion activities.

FPCCI Chief maintained that this is an example of just one building and one organization; and, that too is not even a large one – given the number of employees and the working space dedicated to the FPCCI employees at Federation House.

Irfan Iqbal Sheikh maintained that being the apex chamber of the country and an iconic building of Karachi, we have received a lot of appreciation for leading by example; and, inspiring more than 240 trade bodies and associations across Pakistan to convert to solar power. We are delighted to be referred to as a case study in a successful and cost-saving transition to a renewable energy source, he added.

FacebookFacebookTwitterTwitterLinkedinLinkedinWhatsappWhatsappEmailEmail
Share
Leave a Comment

Recent Posts

  • Pakistan

World Bank notes positive impact of reforms program

Prime Minister Shehbaz Sharif welcomed a $40 billion "investment" by the World Bank on Monday,…

5 hours ago
  • Pakistan

PTI urges judiciary to expedite poll rigging, 26th Amendment cases

gohar-ali-khan-becomes-new-pti-chiThe embattled Pakistan Tehreek-e-Insaf (PTI) urged the judiciary on Monday to expedite cases related to…

5 hours ago
  • Pakistan

One dead as Kurram-bound aid convoy comes under attack; relief goods looted

An aid convoy en route from Thall to Kurram was attacked near Lower Kurram's Ochit…

5 hours ago
  • Pakistan

Nearly 50 more Pakistanis deported from 9 countries in 24 hours

At least 47 more Pakistanis were deported from Saudi Arabia, Azerbaijan and seven other countries…

5 hours ago
  • Pakistan

Senate passes bill to increase salaries, perks for lawmakers

The Senate has approved the Parliamentarians' Salaries and Allowances (Amendment) Bill 2025, which will increase…

5 hours ago
  • Pakistan

WB delegation expresses satisfaction with pace of uplift projects in Sindh

In a meeting with the Chief Minister of Sindh and the provincial cabinet in Islamabad,…

5 hours ago