Searching for Low Cost Alternative Energy Source: An Analysis of Pakistan Sugar Industry


Manzoor Hussain Memon, Nadeem Ahmed, Engr. Raja Masood Larik

Abstract


Pakistan is searching for alternative energy sources owing to perpetual power crisis in the country. Stylized facts suggest that there is a strong correlation between energy consumption and economic growth, while more economic activity leads to more employment and contributes to reduce poverty. Supply dynamics considered as major cause of energy crisis in Pakistan. Sugar industry in Pakistan is assumed as an opportunity and potential for alternative energy production. This paper is an attempt to explore the alternative source of energy generation by using latent potential of sugar industry and explore the possibility of having surplus production and generation of electricity for national grid. Bagasse, a residual by-product from sugarcane is traditionally used for generation of electricity in the industry to meet its own energy needs. In addition to the analysis of potentiality of the industry, the economic analysis is also carried out from the perspective of foreign exchange saving that have been used to import furnace oil for power generation. From the retrospective analysis, it is revealed that country could save minimum 242 million dollars during the sugar season that is almost one fourth of the total furnace oil import of the country during the same period.

Keywords


Economic growth, Sugarcane, Electricity, Energy, Alternative energy sources.

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About this article

Title

Searching for Low Cost Alternative Energy Source: An Analysis of Pakistan Sugar Industry

Keywords

Economic growth, Sugarcane, Electricity, Energy, Alternative energy sources.

DOI

10.20448/journal.511.2017.41.1.10

Date

2018-01-03

Additional Links

Manuscript Submission

Journal

Growth
Vol 4, No 1 (2017) Page: 1-10

Print ISSN

2518-0185

Online ISSN

2412-2068

Statistics

145 Views | 179 Downloads

Citations

0

Authors & Affiliations

Manzoor Hussain Memon
PhD Scholar / Candidate, Applied Economics Research Center, University of Karachi, Karachi
Pakistan

Nadeem Ahmed
Social Policy Advisor, SDGs Support Unit, Ministry of Planning Development and Reform, Government of Pakistan
Pakistan

Engr. Raja Masood Larik
hD Research Candidate, Faculty of Electrical Engineering, Universiti Teknologi
Malaysia


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Growth

Online ISSN: 2412-2068 | Print ISSN: 2518-0185

 

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