AGL 38.20 Increased By ▲ 0.26 (0.69%)
AIRLINK 197.50 Increased By ▲ 3.59 (1.85%)
BOP 9.55 Increased By ▲ 0.23 (2.47%)
CNERGY 5.90 Increased By ▲ 0.06 (1.03%)
DCL 8.79 Increased By ▲ 0.11 (1.27%)
DFML 35.90 Decreased By ▼ -0.56 (-1.54%)
DGKC 96.99 Increased By ▲ 4.45 (4.81%)
FCCL 35.30 Increased By ▲ 1.33 (3.92%)
FFBL 88.60 Increased By ▲ 6.30 (7.65%)
FFL 13.25 Increased By ▲ 0.50 (3.92%)
HUBC 127.50 Increased By ▲ 6.89 (5.71%)
HUMNL 13.59 Decreased By ▼ -0.01 (-0.07%)
KEL 5.27 Increased By ▲ 0.05 (0.96%)
KOSM 7.03 Increased By ▲ 0.51 (7.82%)
MLCF 44.80 Increased By ▲ 2.69 (6.39%)
NBP 61.00 Increased By ▲ 1.19 (1.99%)
OGDC 214.00 Increased By ▲ 2.83 (1.34%)
PAEL 38.85 Increased By ▲ 1.27 (3.38%)
PIBTL 8.27 Increased By ▲ 0.20 (2.48%)
PPL 194.00 Increased By ▲ 3.68 (1.93%)
PRL 38.70 Increased By ▲ 0.53 (1.39%)
PTC 25.80 Increased By ▲ 2.35 (10.02%)
SEARL 101.70 Increased By ▲ 3.76 (3.84%)
TELE 8.29 Increased By ▲ 0.07 (0.85%)
TOMCL 35.09 Increased By ▲ 0.06 (0.17%)
TPLP 13.22 Decreased By ▼ -0.33 (-2.44%)
TREET 22.25 Decreased By ▼ -0.48 (-2.11%)
TRG 55.25 Increased By ▲ 2.38 (4.5%)
UNITY 33.00 Increased By ▲ 0.04 (0.12%)
WTL 1.60 Increased By ▲ 0.08 (5.26%)
BR100 11,727 Increased By 343.2 (3.01%)
BR30 36,391 Increased By 1179.6 (3.35%)
KSE100 109,439 Increased By 3164.1 (2.98%)
KSE30 34,469 Increased By 1116.1 (3.35%)

ISLAMABAD: Prime Minister Shehbaz Sharif on Thursday gave in-principle approval for setting up 2,000 megawatts of solar power projects in the public sector to generate low-cost and environment-friendly electricity in the country

The prime minister gave the approval while chairing a high-level review meeting regarding the 10,000 MW solarisation project in the country, the PM Office said. Speaking on the occasion, the prime minister said that the solarisation project will generate low-cost and environment-friendly electricity in the country.

He said the project will eliminate country’s dependence on expensive fuel-fired projects and save valuable foreign exchange.

Under the plan, agricultural tube wells in all four provinces will be shifted to solar on priority basis.

The prime minister said that by using solar energy, it will be possible to resolve the problems of distribution and line losses, electricity theft and increase in circular debt.

He said the companies investing in solar energy will be given sovereign guarantee by the government.

PM approves 10,000MW solar energy generation plan

The meeting was given a detailed briefing regarding the transfer of fuel-powered power plants to solar energy in the country. The meeting was informed that an investors’ conference was organised on 14th of this month regarding investment in the solar energy sector in the country, in which representatives of investment companies from local and international countries including Saudi Arabia, United Arab Emirates, China, and Qatar participated and expressed deep interest in investing in solar energy sector in Pakistan.

The meeting was further told that the work has been started to select the location for the new solar power plants in the country. In this regard, a place near Muzaffargarh has also been identified where a 600 MW solar power plant will be constructed. Apart from this, plans are being made regarding 11KV feeders powered by solar energy.

The meeting was further informed that the framework and tariff for investment in the solar energy sector is being worked on and in this regard consultation is going on between the Power Division, Alternate Energy Development Board, Central Power Purchasing Company, NEPRA and other institutions.

Copyright Business Recorder, 2022

Comments

Comments are closed.