US Funds Pakistani Government for Renewable Energy Sources Generation

Khurram Dastgir, Federal Minister for Energy, met a delegation from the International Development Finance Corporation (DFC) today and the delegation was led by DFC Director of Climate, Jake Levine, while Deputy Chief of Staff, Policy, Naz El-Khatib accompanied him. Renewable energy sector. The minister briefed the delegation on the solar projects of the current government. He said future policy outlook is based on plans that all new power generation will be based on indigenous resources.

Renewable energy sector, The policy aims to reduce fuel import and energy conservation. 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.

Although Pakistan is still far behind the world in terms of renewable energy generation, the government is still trying to initiate projects to standardize renewable energy generation. Currently, a 330 megawatt power plant project, Thar Coal Power Plant, is under construction under the CPEC block II, in Tharparkar, Sindh and Prime Minister claim in their inauguration speech that it can save Pakistan $6 billion. A week ago, Shebaz Sharif visited the project site and explained the importance of connecting Coal of the Thar with the railway to eliminate all the problems currently facing the railroad. Referring to the inaugural ceremony, Prime Minister Shehbaz said that coal from Thar will generate electricity with 10 rupees per unit.

“It is a project that is completed with modern technology. These coal-fired power plants would not create pollution. The region has massive coal deposits of 175 billion tonnes, it is a treasure trove in the Thar. Brilliant projects are installed here for power generation. Women here running reverse osmosis plants, people getting jobs,” said the Prime Minister praising the efforts being made in the Thar.

About a third of the world’s power generation capacity currently comes from low-carbon sources, with renewables accounting for 26% and nuclear power 10%. The remaining two-thirds are derived from fossil fuels that generate greenhouse gases, such as coal, gas and oil.

If governments around the world are to achieve their zero emissions goals, renewable energy sources such as solar, wind and hydropower must become a much larger part of the global energy mix. The United States (US), China and the European Union (EU) will need to work together to reduce emissions.

Prime Minister Shahbaz Sharif’ has just recently announced the approval of a 10,000 megawatt solar power project which will aim to reduce import bills resulting from the importation of expensive diesel and fuel oil.

Many dams are currently being constructed in Pakistan, in particular the Mohmand Dam is a multi-purpose concrete dam under construction located on the Swat River about 37 km north of Peshawar and 5 km upstream of Munda Headworks in District of Mohmand, Khyber Pakhtunkhwa, Pakistan. When completed, the dam would retain approximately 1.2 million acre-feet (MAF) of water, contributing to flood mitigation in Peshawar, Charsadda and Nowshera.

In addition to the current 160,000 acres of land, approximately 18,237 new lands will be irrigated. Mohmand Dam Power House will create 800MW of hydel power, supplying 2.86 billion units of low-cost, environmentally beneficial hydel electricity to the national grid annually. Annual profits from the project are expected to reach 51.6 billion rupees.

In terms of wind generation and biofuels, Pakistan has made virtually no progress. Wind has great potential in Pakistan in southern Punjab and northern Sindh region, where much land is desert and solar, and Pakistan can create wind power in massive quantities. Biofuel, on the other hand, is a bit more complex subject, it requires advanced experimentation and its cost is high. But many Pakistani students are contributing to biofuel innovation and hopefully we can scale the industry to a level that can contribute to national prosperity.

Renewables currently represent 26.74% of total installed generation capacity in the United States. This is 19.7% five years ago and 14.76% ten years ago.

President Joe Biden signed America’s biggest climate package this month as the country races to meet its 40% carbon reduction target by 2030. The Cut Inflation Act will spend $369 billions of dollars for national clean energy development.

An additional $60 billion will be set aside to generate millions of clean manufacturing jobs. Tax credits and rebates are also included in the law to help reduce the cost of purchasing electric vehicles and installing solar panels and heat pumps in homes.

Pakistan also needs to learn from its neighbours, India was able to create 150 GW of electricity from renewable resources last year and China generates around 790 GW of electricity from renewable energy resources. Unfortunately, Pakistan generates only 38,700 MW of electricity, of which only about 17,641 MW is produced by renewable energy resources.

Read more:

Comments are closed.