3rd In­ter­na­tional Wind En­ergy Sum­mit Pak should gen­er­ate min 30pc power on re­new­able re­sources

The Financial Daily - - NATIONAL -

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.

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