Nepra Chief Lauds Chinese Investors Role In RE Sector

Chinese Investment in Pakistan’s Energy Sector

“Chinese investors play a pivotal role in supporting Pakistan in its journey to privatise distribution and modernise transmission,” said Tauseef H. Farooqi, Chairman of the National Electric Power Regulatory Authority (NEPRA).

Renewable Energy as a Cost-Effective Solution

Addressing a webinar on accelerating Chinese investment in the renewable energy market in Pakistan, Farooqi noted that renewable energy is an inexhaustible source of green energy and currently the most cost-effective option amid Pakistan’s economic challenges.

Pakistan’s Renewable Energy Potential

According to Gwadar Pro, Chinese investors are welcome to explore Pakistan’s vast renewable energy sectors, including hydro, thermal, and solar. Pakistan has a remarkable advantage in renewable energy, with solar potential alone estimated at nearly 1,900,000 megawatts.

Solar Fast Track Program

Starting in 2023, Pakistan will conduct the first round of competitive bidding for the Solar Fast Track program, which aims to induct 10,000 MW of solar power into the national grid.

Original article: Pak Observer