Many Power Producing Agreements Signed Between Pakistan, China

Many Power Producing Agreements Signed Between Pakistan, China

Many Power Producing Agreements Signed Between Pakistan, China
Many Power Producing Agreements Signed Between Pakistan, China

Keynote speakers, while speaking at the 15th Oil, Gas and Energy Conference 2019 held at the Karachi Expo Centre on Saturday (June 22) have shed light on weak energy policies of generation mix, augmentation of indigenous supplies, upgrading transmission and distribution system as well as institutional development. They said that in past Pakistan’s energy sector has greatly suffered due to a lack of efficient planning.

On the occasion, Pakistan Council of Renewable Energy Technologies Director General Dr Baqar Rana, while chairing first session of the conference said that now the blunt decisions has been taken to improve the situation of Pakistan’s energy sector. While talking about current development in the sector he said, a number of power producing agreements had been signed with China, under which bio, hydel, solar and wind energy would be produced.

He said that sustainable policies had been framed on a long-term basis to utilize the National Energy Testing Laboratory, was being set up at a cost of $10 million. The power sector was also utilising silicone solar cell fabrication technology (SSFT).
Meanwhile Alternative Energy Development Board (AEDB) Director Sheeraz Anwar Khan said “Pakistan needs to quickly and heavily trim the share of thermal power generation in the supply mix and replace it with indigenous supplies,” he said, adding in 2016, the total system capacity payments were Rs280 billion or Rs3.4 per unit sold.

While giving a comparison he said aer inclusion of inclusion of CPEC projects in 2017, the capacity payments went up to Rs350 billion and in 2018 the payments almost doubled to Rs644 billion or Rs6.2 per unit.

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