KARACHI: A consortium of Pakistan’s leading wind energy producers has strongly rejected recent claims by the Independent System and Market Operator, warning that the systematic and unjustified curtailment of wind power plants, the nation’s most affordable energy source at just Rs14 per unit, is pushing the renewable sector towards a severe financial crisis.
The consortium dismissed ISMO’s recent media statements suggesting that curtailment is not occurring or is being effectively managed. It also criticised the current compensation mechanism for lost energy, describing it as fundamentally flawed and damaging project cash flows.
In a statement issued by the Federation of Pakistan Chambers of Commerce & Industry (FPCCI) following a meeting of its Committee on Renewable Energy, the consortium said that restricting the country’s lowest-cost power source not only undermines national energy security but also threatens the long-term viability of billions of dollars in sustainable investment.
