Pakistan confident for future prospects in renewable energy with China’s support
Islamabad: Caretaker Minister for Energy Muhammad Ali has expressed confidence in Pakistan’s future prospects in renewable energy citing China’s support.
In his address at the seminar titled “Renewable Energy the Way Forward.” Co-organized by the Information Service Academy and Alliance for Good Governance Foundation, the seminar aimed to tackle the nation’s escalating energy needs while addressing the environmental impact associated with conventional energy sources.
Ali underscored Pakistan’s considerable potential for solar and wind energy generation, attributing this to the country’s abundant sunlight and wind resources.
He emphasized the government’s dedication to increasing the share of renewable energy in the overall energy mix. This commitment, coupled with international support and investment, forms the foundation for a sustainable energy future in Pakistan.
The minister mentioned that China had been providing technical and expert support to achieve the goal.
Key initiatives such as the Alternative Energy Development Board (AEDB) and the implementation of supportive policies and incentives for renewable energy projects were highlighted by Minister Ali as driving forces behind the ongoing transition.
He stressed that a diversified renewable energy portfolio not only bolsters energy security but also aligns with global initiatives to combat climate change by reducing carbon emissions.
Ali drew attention to the recent approval of the National Electricity Plan 2023, which provides comprehensive guidelines, implementation mechanisms, and tools for realizing the goals outlined in the National Electricity Policy.
The plan places a strong emphasis on decarbonization and electrification as critical components of Pakistan’s forward-looking energy strategy.
The minister discussed potential plans to expand sustainable energy, with a specific focus on wind and solar energy.
He pointed out that the power sector plays a pivotal role in climate change mitigation, and the government is prioritizing a just energy transition in Pakistan.
To ensure the success of this transition, Minister Ali outlined three key priorities for the energy sector. First, he highlighted the need to address exploration challenges by improving data availability, removing payment barriers, and revising policies. Second, expanding the natural gas supply was identified as crucial. Third, focusing on the power sector, including investments in transmission infrastructure, promoting renewables, and resolving circular debt, was emphasized to ensure a stable power supply and payment resolution.
Other speakers at the seminar, including Shah Jahan Mirza, Managing Director of the Private Power and Infrastructure Board (PPIB), echoed the sentiment that clean energy was a top priority for Pakistan.
They emphasized the country’s increased focus on decarbonization and ongoing efforts to develop renewable energy projects, improve energy efficiency, and reduce reliance on fossil fuels.
The seminar, attended by various experts, representatives from civil society, academia, media, and university students, served as a platform to underscore the critical importance of renewable energy in shaping Pakistan’s sustainable and resilient energy landscape.
