- High tariffs result in a high cost of production
- PPIL invests in its own power generation to curb poor supply
The rising cost of electricity tariffs has resulted in increased production costs for plastic manufacturers. The General Manager, Pentagon Plastic Industries Limited (PPIL), Mr Shyam Barakale, made this known in an interview with Journalists. Barakale stated that the biggest challenge to plastic manufacturers is the lack of reliable and stable electricity supply. As a result, manufacturers are forced to seek alternate sources of electricity generation.
”If regular and consistent electrical power can be sourced from the grid, we can easily concentrate on our core activity which is plastic manufacturing, rather than investing in building and maintaining power plants”, Barakale said.
According to Barakale, Pentagon Plastics Ltd, in 2014, to curb the impact of poor electricity supply, entered into a partnership with Clarke Energy to provide an alternate source of electricity. ”With Clarke Energy, we have a partnership that goes back to 2014. The company carried out a technical study and recommended the deployment of a gas power plant. It has been serving us well since 2015”, he said.
Pentagon Plastics Limited is a private sector manufacturing firm that manufactures and exports plastic products.