WASHINGTON: The development of Geothermal energy resources available in all provinces of Pakistan can provide cost -effective energy for the long-term and save billions of dollars spent on import of fossil fuels, a Pakistani energy expert said.
Javed Ahmad, Chairman, Energy Foundation-Pakistan, told reporters after making a presentation on the subject at an international conference that foreign entrepreneurs have shown an interest in investing in the field.
He said with investment that will bring technology, geothermal energy could produce 5000 MWe in the initial four years up to 2017, using Co Produced Hot Waters & Capped Dry wells With Geothermal Fluids.
"The use of geothermal energy will improve the economy of Pakistan by saving billions of dollars every year for Pakistan which are being used for import of fossil fuels for power generation", he said.
Javed Ahmad's recommendations at the conference included carrying out a Geothermal Energy Resources Base Load Study through International Donors and setting up three pilot power projects using Geothermal Energy in Punjab, Sindh and Gilgit Baltistan.
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