Govt Plans To Reduce Energy Tariffs Up To Rs12 Per Unit by March 2025!
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Makhtoum's Pvt Office of the United Arab Emirates offered a substantial investment package for solar and hydropower production in Pakistan.
The Water and Power Development Authority (WAPDA) and the private office of Sheikh Ahmed Dalmook Al Maktoum inked two significant Memorandum of Understanding (MoUs) to start strategic projects in Pakistan’s energy sector.
The 1st MoU’s agenda is to install a 1000 MW floating solar power project on existing water reservoirs. In contrast, the 2nd MoU focuses on rehabilitating, upgrading, and boosting the capacity of Rasul, Chichokimalian, Renala, and Nandipur hydropower projects.
The mutual interest of both countries is generating renewable energy for a sustainable future.
The MoU established a cooperation framework between WAPDA and private offices to facilitate cooperation and explore investment opportunities, especially in WAPDA's small hydropower projects.
The chairman of Wapda, Lt. Gen. Sajjad Ghani, and Sheikh Ahmed Dalmook Al Maktoum joined hands in long-term energy production in Pakistan. Under the signed accords, a technical and financial feasibility assessment will be designed, and an implementation plan will be deployed.
Pakistan is progressing in terms of solar energy production due to internal efforts as well as international investments. Considering the power shortage and high tariffs, the Government of Pakistan is making reforms in the energy sector and striving to make green and reusable electricity through solar and hydropower.
Also Read: Oracle Power and Power China Joined Hands in 1 GW Solar Project in Thar Pakistan
Pakistan’s energy crisis has led to power outages across the country, due to which the public has to face long hours of load shedding in extreme weather. The power shortage and high electricity bills have already created problems for the country's people.
Chairman Pakistan Tehreek-e-Insaf Imran Khan and Chief Minister Punjab Chaudhry Parvez Elahi held a detailed meeting at the Chief Minister's Office on Monday to discuss the current political situation, development schemes, and solutions to people's proble
Punjab Chief Minister Maryam Nawaz Sharif has launched an ambitious project under the Kissan Package to shift the fuel and electricity operated tube well to solar energy.
The FBR collects around Rs 800 billion per year through electricity bills at the moment, Still, the Power Division hopes to cut it to Rs 300 billion for the sake of making electricity cheaper.
The rising endorsement of solar panels in Pakistan, driven by provincial government programs and increasing energy expenses, is fostering concern over policymakers.
Recent visit of Punjab Chief Minister Maryam Nawaz to China has been regarded as a success where over Rs. 13 billion ( around $50) investments for Punjab have been envisioned, According to Express News.