3rd International Wind Energy Summit Pak should generate min 30pc power on renewable resources
KARACHI: Pakistan should set target of generating at least 30 per cent of its electricity on basis of renewable energy in next five to seven years as this is the only way for the country to tackle its power crisis that is expected to exacerbate further with depleting hydrocarbon resources and increasing fuel costs, says a Press release.
Chief Executive Officer of Alternative Energy Development Board (AEDB) Amjad Ali Awan stated this here on Thursday while addressing as the keynote speaker at the inaugural session of Third International Wind Energy Summit-2018 organized by Energy Update in collaboration Sindh Energy Department.
"This is the current global trend as everyone concerned in the outside world including international agencies and donors are ready to fully support us more than any other form of energy so there is no other viable option for us other than working to develop and expand our renewable energy sector," said Awan on the occasion.
He said that Pakistan had to increase its reliance on renewable energy for power generation as at present indigenous resources of natural gas accounted for 24 per cent electricity produced in the country as soon an alternative had to be found to replace this source in view of fast depleting gas resources.
He said that Re-gasified Liquefied Natural Gas was being imported to replace reliance on indigenous gas reserves as up to 63 per cent of RLNG being brought into the energy system of the country was being used for power generation.
The AEDB chief said that power generation on basis of RLNG was not a feasible option from the point of view of consumers as electricity so produced had phenomenally higher tariff up to Rs 9.02/kilowatt hour.
He said that alternative resources of energy was the most viable option on basis of which electricity was being generated all over the world with lowest tariff for the maximum economic benefit of consumers. "Whereas import of oil here only accounts for 81 per cent of our fiscal deficit," said Awan.
"At present 57 countries of the world have been aiming for 100 per cent power generation on basis of renewable energy in near future as there are countries like Germany and Denmark, which have been generating over 60 per cent of their electricity on basis of alternative resources of power. Pakistan should feature among the list of such promising countries as it has abundance of natural resources to set such a viable target," he said.
He said that there was no other way for Pakistan other than to move forward in the arena of renewable energy with consistent, long-term, and concrete policies that define clear and high targets to be achieved by the prospective investors from within and outside the country that should be encouraged to maximally invest in the Pakistani alternative energy market.
Speaking as the chief guest on the occasion, Sindh Energy Minister Imtiaz Ahmed Shaikh said that Sindh province had been host to the only properly designated wind corridor in the country between Gharo and Jhimpir whose potential was being tapped to generate electricity on basis of wind power.