Pakistan produces about 75 percent of its electricity through oil and gas which costs us about $10 billion annually. To put it in other terms, that is about 45 percent of our total exports and is the biggest cost on our import bill. Given that our reliance on thermal power is so large, we simply cannot dismantle it and magically move to hydro power, however we can change the fuel used to gain thermal power. Instead of using oil and gas, both of which are getting more expensive and have volatile international prices and supply, we can move to using coal as an alternative.
Using Coal is the and most effective step for all Pakistani manufacturing companies to take for solving the current energy crisis. If we were to import clean coal and use that as a fuel instead of oil and gas, it would cost us less as the price of coal is more stable than that of oil and gas in the international market. As a result, this can bring down our current electricity prices and also lower the energy cost for manufacturing concerns.
