Govt to transform outlook of energy market under Alternative Renewable Energy Policy

November 6, 2020: Minister for Energy Omar Ayub says the government has planned to transform outlook of energy market under new Alternative Renewable Energy Policy.

Talking to Ambassador of Denmark to Pakistan Lis Rosenholm in Islamabad today (Friday), he said in this regard, the government has set an ambitious target to introduce 25 percent renewable energy by 2025 and 30 percent by 2030.

He said this includes 45 percent share of hydel power generation and 10 percent of nuclear energy into energy mix of the country.

While explaining the investment potential in power sector, the Minister said the government would induct renewable energy-based power plants through open and transparent competitive bidding process, which would lower the cost of production of electricity.

The Danish Ambassador, while appreciating the government's commitment to raise the share of renewable clean and green energy, said the new policy is more transparent as it provides a level playing field for all.

Radio Pakistan

Posted on: 2020-11-06T15:23:00+05:00

37891