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 162,994.17
366.14M
-1.71%
-2829.70
ALLSHR 97,525.91
833.18M
-1.65%
-1634.99
KSE30 49,090.22
171.05M
-2.02%
-1011.73
KMI30 234,097.76
141.71M
-1.92%
-4583.61
KMIALLSHR 63,284.58
381.76M
-1.79%
-1151.00
BKTi 45,458.10
90.77M
-1.53%
-707.82
OGTi 33,162.89
14.24M
-2.82%
-962.44
Symbol Bid/Ask High/Low
Name Last High/Low Chg/%Chg
BITCOIN FUTURES 78,220.00 0.00
0.00
-555.00
-0.70%
BRENT CRUDE 109.20 112.45
106.23
-1.20
-1.09%
RICHARDS BAY COAL MONTHLY 113.00 0.00
0.00
0.00
0.00%
ROTTERDAM COAL MONTHLY 109.25 0.00
0.00
-0.20
-0.18%
USD RBD PALM OLEIN 1,191.50 1,191.50
1,191.50
0.00
0.00%
CRUDE OIL - WTI 102.50 0.00
0.00
0.56
0.55%
SUGAR #11 WORLD 14.97 15.01
14.42
0.36
2.46%

Chart of the Day


Latest News
May 03, 2026 at 01:12 PM GMT+05:00

Key Pakistan Market Stats and Economic Indicators


May 03, 2026 at 11:17 AM GMT+05:00

Govt strengthens cyber defenses for banking network


May 02, 2026 at 06:36 PM GMT+05:00

PSX rebounds in April after brutal slide


May 02, 2026 at 05:42 PM GMT+05:00

SECP approves Service Long March Tyres IPO


May 02, 2026 at 05:35 PM GMT+05:00

IMF flags Pakistan risks amid MENAP slowdown



Top 5 things to watch in this week

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