SEP project contributes to make energy sector financially viable for masses

News Image

MG News | August 13, 2021 at 05:06 PM GMT+05:00

0:00

August 13, 2021: Pakistani officials and representatives from the United States Government celebrated the conclusion of the four-year Sustainable Energy for Pakistan (SEP) project. 

Through the SEP project, the U.S. Agency for International Development (USAID) partnered with the Pakistani government to provide more affordable, and climate- friendly power to Pakistan’s national energy grid while fostering economic growth for the country.

USAID Mission Director Julie Koenen said, “SEP has contributed towards making the energy sector more competitive, modern, efficient, clean, and financially viable for Pakistanis.  I am hopeful that the impact of this work will go beyond the energy sector and benefit the entire economy of Pakistan.”

Waseem Mukhtar, Additional Secretary for the Ministry of Energy’s Power Division, praised USAID for its partnership, innovation, and support in making Pakistan’s energy sector more sustainable.

Through this project, USAID increased Pakistan’s wind and solar capacity by approximately 50 percent by leveraging more than $900 million in private investment and facilitating the addition of 860 megawatts of wind and solar projects.  SEP also introduced and standardized several new technologies in Pakistan’s power sector, including smart meters, which the Pakistani government has expanded with its own funds. 

The U.S. government’s partnership with Pakistan’s energy sector spans many decades and covers a wide range of projects to help Pakistan modernize its energy sector and combat the effects of climate change.

Press Release

Related News

Name Price/Vol %Chg/NChg
KSE100 187,832.08
767.51M
0.50%
931.34
ALLSHR 112,851.69
1,193.66M
0.62%
697.08
KSE30 57,539.97
102.71M
0.43%
247.84
KMI30 265,288.04
70.28M
0.22%
591.63
KMIALLSHR 72,445.67
875.56M
0.46%
332.73
BKTi 55,119.30
60.64M
1.38%
752.01
OGTi 38,641.51
5.08M
-0.37%
-142.27
Symbol Bid/Ask High/Low
Name Last High/Low Chg/%Chg
BITCOIN FUTURES 74,415.00 77,110.00
74,385.00
-2265.00
-2.95%
BRENT CRUDE 67.45 68.26
66.98
0.12
0.18%
RICHARDS BAY COAL MONTHLY 90.00 0.00
0.00
-3.60
-3.85%
ROTTERDAM COAL MONTHLY 99.20 100.60
99.20
-0.15
-0.15%
USD RBD PALM OLEIN 1,071.50 1,071.50
1,071.50
0.00
0.00%
CRUDE OIL - WTI 63.21 64.17
62.86
0.00
0.00%
SUGAR #11 WORLD 14.46 14.67
14.46
-0.17
-1.16%

Chart of the Day


Latest News
February 04, 2026 at 06:57 PM GMT+05:00

Pakistan gears up for third IMF review


February 04, 2026 at 06:43 PM GMT+05:00

SBP raises over Rs800bn through MTBs auction


February 04, 2026 at 06:00 PM GMT+05:00

Pakistan, Kazakhstan eye $5bn trade boost


February 04, 2026 at 05:34 PM GMT+05:00

Pakistan’s mobile sector positions for 5G opportunity


February 04, 2026 at 05:25 PM GMT+05:00

Govt engages pharmaceutical sector on policy, economic issues



Top 5 things to watch in this week

Pakistan Stock Movers
Name Last Chg/%Chg
Name Last Chg/%Chg