Pakistan Has the Capacity to Produce 30,000 MW of Renewable Energy
98 browse
Pakistan is making efforts to promote alternative renewable energy production. The country targets conversion to electric vehicles by 30% in the next seven years. And the number is expected to rise to 90% by 2040.
The Pakistani council recently attended the Future Energy Asia Conference 2023 in Bangkok, organized by USAID, with an agenda to discuss “Emerging Clean Energy Investment Opportunities in Pakistan.”
The committee members include Federal Minister of Energy Khurram Dastgir, Power Division Additional Secretary Amjad Majeed Khan, Private Power and Infrastructure Board (PPIB) Managing Director Shah Jahan Mirza, and Alternative Energy Development Board (AEDB) Director Syed Aqeel Hussain Jaffri. Moreover, Pakistan aims to produce 60% of renewable energy to reduce fossil fuel dependence.
Federal Minister of Energy Khurram Dastgir led the conference and highlighted the potential of Pakistan towards clean energy production. He also highlighted the country’s progress and conversion to renewable energy along with Pakistan's goals in the National Electricity Policy. Moreover, he highlighted the progress of Pakistan's clean energy production, which has crossed 6% with an installed capacity of 2,436 megawatts.
Khurram Dastgir also emphasized achieving renewable energy and Sustainable Development Goals (SDGs) by 2030. He also underscored that Pakistan is only accountable for 0.8% of GHG emissions, and yet it falls among the top 10 climate-stressed countries of the world.
Electric vehicles are the future of road transport, and Pakistan aims to have 500,000 electric motorcycles and rickshaws by 2025.
Also Read: Audi, Siemens launch first ultra-fast charging station for electric vehicles in Pakistan
Considering the environmental destruction caused by carbon emissions, the National Electric Vehicles Policy of Pakistan was drafted in 2019, focusing on transitioning to non-polluting vehicles and eliminating GHG emissions. The government of Pakistan supported the policy and reduced the sales tax on domestically assembled EVs from 17% to 0%. Moreover, the tariffs on Electric Vehicle parts are reduced to 1% to encourage the purchase of electric vehicles.
Also Read: Electric Vehicle Charging Stations on Pakistani Highways and Motorways
K-Electric raises renewable power goals as NEPRA wraps up hearings on 150 MW solar project bid examination for Winder and Bela in Balochistan
BAKU, Azerbaijan, June 1, Musadik Malik, Minister of State Petroleum Pakistan, said in the Baku Energy Week that Pakistan could generate 30,000 MW of renewable energy.
China-Brazil's collaboration on green energy production will be a big hit for Brazilian economic transformation. The cooperation would benefit both countries.
Pakistan is making efforts to promote alternative renewable energy production. The country targets conversion to electric vehicles by 30% in the next seven years. And the number is expected to rise to 90% by 2040.
IIL, known as International Industries Limited, is the leading manufacturer and exporter of steel and polymer pipes in Pakistan.
