APTMA claims loss worth $70 million due to power outage
Pakistan
APTMA claims loss worth US$70 million due to power outage
(Web Desk) – All Pakistan Textile Mills Association (APTMA) on Monday reported a loss worth US$70 million to the country’s textile industry as power outage darkens the nation.
APTMA spokesperson told that if the issue was not resolved, the loss would balloon to billions of dollars.
Earlier, Pakistan’s national grid suffered a major breakdown, the power ministry said, leaving millions of people without electricity for the second time in three months and highlighting the infrastructural weakness of this heavily indebted nation.
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Power Minister Khurrum Dastagir told Reuters the outage was caused by a large voltage surge in the south of the grid, which affected the entire network.
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Supplies were being partially restored from north to the south, he said, nearly six hours after factories, hospitals and schools reported outages. The grid should be fully functioning by 10pm, Mr Dastagir said, adding: "We are trying our utmost to achieve restoration before that."
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The last major outage in October also took hours to restore. A senior ministry official blamed this outage and the frequent blackouts that Pakistan s 220 million people suffer on its ageing grid.
