Sunday, December 4, 2022

US Finances Pakistan Government For Production of Renewable Energy Sources - TechJuice

Last updated Monday, October 24, 2022 10:05 ET , Source: TopWireNews

Khurram Dastgir, Federal Minister for Power, met with a delegation of the International Development Finance Corporation (DFC) today and the delegation was headed by DFC Chief Climate Officer Jake Levine while Deputy Chief of Staff Policy Naz El-Khatib accompanied him. Renewable Energy Sector. The minister apprised the delegation of the solar projects of the present government. He said that the future policy outlook is based on the plans that all new electricity generation will be based on indigenous resources.
Renewable Energy Sector, The policy aims to reduce the import of fuel and conservation of energy. The delegation appreciated the solar policy and declared it a win-win for climate considerations and soaring energy prices and said that DFC will continue its engagement with Pakistan on renewable energy.
Though Pakistan is still far behind the world in terms of renewable energy production, still the government is trying to release projects to normalize the production of renewable energy. Currently, a 330-megawatt power plant project, Thar Coal Power Plant, is being built under the CPEC block II, in Tharparkar, Sindh and PM claim in their inauguration speech that it can save Pakistan $6 Billion. A week ago, Shebaz Sharif visited the site of the project and explained the importance of linking Thar Coal with the Railway to eliminate all the problems the Railway is currently facing. Referring to the inaugural ceremony, PM Shehbaz said that Thar coal will generate...

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