AGL 40.01 Increased By ▲ 0.01 (0.03%)
AIRLINK 132.20 Increased By ▲ 2.67 (2.06%)
BOP 6.85 Increased By ▲ 0.17 (2.54%)
CNERGY 4.55 Decreased By ▼ -0.08 (-1.73%)
DCL 8.80 Decreased By ▼ -0.14 (-1.57%)
DFML 42.60 Increased By ▲ 0.91 (2.18%)
DGKC 84.46 Increased By ▲ 0.69 (0.82%)
FCCL 32.90 Increased By ▲ 0.13 (0.4%)
FFBL 77.10 Increased By ▲ 1.63 (2.16%)
FFL 12.07 Increased By ▲ 0.60 (5.23%)
HUBC 110.25 Decreased By ▼ -0.30 (-0.27%)
HUMNL 14.42 Decreased By ▼ -0.14 (-0.96%)
KEL 5.56 Increased By ▲ 0.17 (3.15%)
KOSM 8.32 Decreased By ▼ -0.08 (-0.95%)
MLCF 39.60 Decreased By ▼ -0.19 (-0.48%)
NBP 63.55 Increased By ▲ 3.26 (5.41%)
OGDC 199.00 Decreased By ▼ -0.66 (-0.33%)
PAEL 26.31 Decreased By ▼ -0.34 (-1.28%)
PIBTL 7.62 Decreased By ▼ -0.04 (-0.52%)
PPL 159.00 Increased By ▲ 1.08 (0.68%)
PRL 26.19 Decreased By ▼ -0.54 (-2.02%)
PTC 18.42 Decreased By ▼ -0.04 (-0.22%)
SEARL 81.45 Decreased By ▼ -0.99 (-1.2%)
TELE 8.11 Decreased By ▼ -0.20 (-2.41%)
TOMCL 34.33 Decreased By ▼ -0.18 (-0.52%)
TPLP 8.93 Decreased By ▼ -0.13 (-1.43%)
TREET 16.88 Decreased By ▼ -0.59 (-3.38%)
TRG 59.30 Decreased By ▼ -2.02 (-3.29%)
UNITY 27.68 Increased By ▲ 0.25 (0.91%)
WTL 1.40 Increased By ▲ 0.02 (1.45%)
BR100 10,602 Increased By 195.1 (1.87%)
BR30 31,820 Increased By 106.2 (0.33%)
KSE100 98,833 Increased By 1504.3 (1.55%)
KSE30 30,789 Increased By 597 (1.98%)
Markets

Pakistan’s energy landscape to be based on indigenous renewable sources, says Dastgir

  • Says every new electricity generation plant in Pakistan will be set up using domestic sources i.e. hydel, solar, wind and Thar coal
Published September 8, 2022

Federal Minister for Energy Khurram Dastgir on Thursday said Pakistan’s future energy landscape will be based upon the utilisation of indigenous renewable sources.

Addressing a ceremony in Islamabad, the federal minister said that as per his government’s energy policy, every new electricity generation plant in Pakistan will be set up using domestic sources i.e. hydel, solar, wind and Thar coal.

“If we use Thar coal responsibly and use technology, it can also be an environmentally sound solution to our energy crisis.

Thar power plant to start operations soon: Dastgir

“The fifth one is nuclear energy. Nuclear is an important part of our energy mix, and it has been termed as a renewable form of energy,” he said.

“The future energy landscape of Pakistan will be based upon these five sources,” he added, while calling for the modernisation of the country’s energy sector.

Dastgir said that the country’s power sector has become the most significant sector for the country’s financial viability and how we present our budgets in the power sector is now the principal hurdle, which we intend to change and transform into a principal facilitator of Pakistan’s economic growth.

He said that the United Nation’s Sustainable Development Goals (SDG) call for affordable and clean energy. “Similarly, having undergone and still suffering the historic devastations of floods, we also remember SDG 13, which calls for adequate climate action to mitigate climate disasters.

“How do we do both is our challenge,” he said.

Renewable energy developers highlight concerns of RE sector

Dastgir said that the challenge could be overcome through the usage of modern technology, by replacing fossil fuel energy projects with renewable energy.

“But at the same time, we are also grappling with the challenge of energy outlook in the aftermath of the Russia-Ukraine conflict, which has seen the prices of energy commodity becoming expensive, which is also a challenge to our foreign exchange reserves and to our finances,” said Dastgir.

Comments

Comments are closed.

Az_Iz Sep 08, 2022 05:10pm
Why import coal, instead of using Thar coal, which should save foreign exchange and create jobs.
thumb_up Recommended (0)
Razi Sep 10, 2022 05:08am
But renewable equipment is imported.
thumb_up Recommended (0)