AGL 40.00 No Change ▼ 0.00 (0%)
AIRLINK 129.06 Decreased By ▼ -0.47 (-0.36%)
BOP 6.75 Increased By ▲ 0.07 (1.05%)
CNERGY 4.49 Decreased By ▼ -0.14 (-3.02%)
DCL 8.55 Decreased By ▼ -0.39 (-4.36%)
DFML 40.82 Decreased By ▼ -0.87 (-2.09%)
DGKC 80.96 Decreased By ▼ -2.81 (-3.35%)
FCCL 32.77 No Change ▼ 0.00 (0%)
FFBL 74.43 Decreased By ▼ -1.04 (-1.38%)
FFL 11.74 Increased By ▲ 0.27 (2.35%)
HUBC 109.58 Decreased By ▼ -0.97 (-0.88%)
HUMNL 13.75 Decreased By ▼ -0.81 (-5.56%)
KEL 5.31 Decreased By ▼ -0.08 (-1.48%)
KOSM 7.72 Decreased By ▼ -0.68 (-8.1%)
MLCF 38.60 Decreased By ▼ -1.19 (-2.99%)
NBP 63.51 Increased By ▲ 3.22 (5.34%)
OGDC 194.69 Decreased By ▼ -4.97 (-2.49%)
PAEL 25.71 Decreased By ▼ -0.94 (-3.53%)
PIBTL 7.39 Decreased By ▼ -0.27 (-3.52%)
PPL 155.45 Decreased By ▼ -2.47 (-1.56%)
PRL 25.79 Decreased By ▼ -0.94 (-3.52%)
PTC 17.50 Decreased By ▼ -0.96 (-5.2%)
SEARL 78.65 Decreased By ▼ -3.79 (-4.6%)
TELE 7.86 Decreased By ▼ -0.45 (-5.42%)
TOMCL 33.73 Decreased By ▼ -0.78 (-2.26%)
TPLP 8.40 Decreased By ▼ -0.66 (-7.28%)
TREET 16.27 Decreased By ▼ -1.20 (-6.87%)
TRG 58.22 Decreased By ▼ -3.10 (-5.06%)
UNITY 27.49 Increased By ▲ 0.06 (0.22%)
WTL 1.39 Increased By ▲ 0.01 (0.72%)
BR100 10,445 Increased By 38.5 (0.37%)
BR30 31,189 Decreased By -523.9 (-1.65%)
KSE100 97,798 Increased By 469.8 (0.48%)
KSE30 30,481 Increased By 288.3 (0.95%)
Print Print 2022-08-11

PM presents solar solution to costly fuel problem

  • Directs the authorities concerned to carry out comprehensive planning for an early execution of the solar projects
Published August 11, 2022

ISLAMABAD: Prime Minister Shehbaz Sharif on Wednesday directed the authorities concerned to complete comprehensive planning for the completion of low-cost solar power projects on a priority basis as an alternative to expensive imported fuel.

The prime minister issued the instructions while chairing a meeting on solar initiatives across the country, in which, he also directed the authorities concerned to carry out comprehensive planning for an early execution of the solar projects.

He also directed to submit an inquiry report on the amount received as fuel price adjustment in electricity bills and the delay in the completion of power projects during the last four years of Pakistan Tehreek-e-Insaf (PTI).

The prime minister lamented that the Alternative Energy Policy given two years ago, in 2020, not only failed but no foreign investment was made in this sector.

PM-led body to unveil solar policy on Aug 1

He informed the meeting that the people would be provided with solar systems as an alternate to the costly electricity being generated, using imported fuel, adding that special priority will be given to Balochistan while providing solar system.

He added that the solarization would not only reduce the import bill of costly fuel but also help generate low-cost and environment-friendly electricity.

The meeting was briefed in detail on low-cost solar power projects as an alternative to expensive imported fuel. It was told that solarization projects of 14000 MW will be launched in the next few months out of which projects of 9000 MW will be completed on a priority basis. Under these projects, solar systems will not only be given at discounted prices but tax incentives will also be given on these projects.

Copyright Business Recorder, 2022

Comments

Comments are closed.

Hassan Aug 11, 2022 10:09am
How about making laws that all middle class and high class housing societies (Bahria, DHA, etc) require all new houses to be built with at least a 13kw solar system on the roof? If they can afford to build houses for 1 crore + they can afford an extra 10% for a solar system, insulated walls, and double glazing. Really these should have been made law 20 years ago, so the way we build our houses we shouldn't need to waste so much on energy consumption. Energy efficiency is the way to go. Companies that manufacture double & triple windows, wall insulation and solar should be incentivises so we have a local production. If any of our rulers had any vision they would do this.
thumb_up Recommended (0)
Syed Zulfiqar Ali Aug 11, 2022 11:28am
Good plan for substitute power-generation, incentive should also be given for private installation for solar panels, so that burden on fuel energy may also reduce.
thumb_up Recommended (0)
Dabeer Razvi Aug 11, 2022 12:28pm
Please set up Solar Panel Fabrication / Plants so as to save Foreign Exchange on Import and generate Jobs / Industrialization.
thumb_up Recommended (0)