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Wind projects may fetch $2b investment


LAHORE:

Pakistan has the potential to produce approximately 150,000MW of energy from wind energy sources, said Pakistan-China Joint Chamber of Commerce and Industry (PCJCCI) President SM Naveed.

Speaking at a think tank session, he said that wind projects could fetch investment of around $2 billion.

“Government should opt for short-term energy projects to curb the prevailing energy crisis that has crippled the national economy in general and the industrial sector in particular,” he said.

He recalled that the government had planned to achieve generation of 2,500MW of energy from wind sources, 1,000MW through solar power, 50,000MW from large hydropower plants, 3,100MW from small hydropower plants and 500MW from waste.

The official expressed deep concern over the government’s decision to opt for long-term energy projects. Speaking on the occasion, PCJCCI Senior Vice President Daud Ahmed said that energy shortfall was causing a setback to the industrial sector as well as the process of industrialisation.

“The energy mix in Pakistan is imbalanced compared to other countries because we rely greatly on non-renewable resources such as gas (43.7%) and oil (29%),” he said.

Published in The Express Tribune, January 21st, 2021.

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