Prime Minister Muhammad Shehbaz Sharif emphasized the importance of immediately shifting the country’s power generation capacity to solar and wind power production systems, as costly electricity generation was emptying the national budget.
During a press conference at the Mohmand Dam site, Prime Minister Nawaz Sharif stated that Pakistan was dealing with an urgent problem of expensive electricity generation from importing expensive fuels and then subsidizing it for consumers. He claimed it was a three-tier loss to the national budget since the country had been importing expensive fuels for power generation and lowering the cost of power for consumers.
About the timely completion of hydel power projects, the prime minister stated that these hydel power projects, as well as the utilization of other natural resources such as solar and wind, “are our future, and we need to shift to that direction immediately. Otherwise, the economy will continue bleeding annually.”
The prime minister also voiced grave worry over the recent floods’ damage to dykes and the dam’s building site, saying that it will postpone completion and impede the country’s growth.
He stated that Chinese and Pakistani workers built the dam and that it will provide 800 MWs of cheap power in addition to assisting with water reserving and giving protection against flash floods. The prime minister praised China as Pakistan’s finest friend and expressed confidence in its backing.
He maintained that the current floods...
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