CPEC power houses help overcome shortage of electricity
Gwadar Pro
Faisalabad: Power houses established under the China Pakistan Economic Corridor (CPEC) played a major role in overcoming the shortage of electricity in Pakistan, Engineer Ahmad Hassan, Patron-in-Chief Faisalabad Chamber of Commerce & Industry (FCCI) Standing Committee on CPEC, said.
Addressing the third meeting of the FCCI standing committee on CPEC here, he said solar energy was one of the most readily available cheap, environment friendly sources to overcome the energy crisis in Pakistan on a sustained basis.
“The power houses established under CPEC played a major role in overcoming the shortage of electricity,” he said.
Hassan said shortage of electricity could be further overcome by capitalizing unlimited sources of solar energy. He said that Pakistan was a lucky country where sunlight remain available daily for at least 14 hours.
Tahir Yaqoob, Chairman FCCI standing committee underlined the importance of CPEC in Pakistan’s economy and said that we must encourage joint ventures with developed countries in order to switch over from Primary to hi-tech projects
He particularly mentioned his visit to Turkey and said that many Turkish companies were willing to launch joint ventures with Pakistan in the hi-tech sector. “It will have a trickle down effect and encourage units currently using old and redundant technologies to switch over to sophisticated and emerging technologies,” he said.
Tahir Yaqoob said that coronavirus was a major handicap in materializing this proposal; however now the situation was returning back to normal and we must expedite follow up of this Turkish offer.
Dr. Khurrum Tariq briefed the participants about the 600KV solar system installed in his factory.Former President FCCI Muzmil Sultan said that Pakistan’s future was directly linked with solar energy and we must introduce new policies for the commercialization of it. He said that like car financing, our financial institutions must promote and finance solar projects at individual, collective, commercial and industrial levels. Later a presentation on electric vehicles was also given.
