AIRLINK 74.00 Decreased By ▼ -0.25 (-0.34%)
BOP 5.14 Increased By ▲ 0.09 (1.78%)
CNERGY 4.55 Increased By ▲ 0.13 (2.94%)
DFML 37.15 Increased By ▲ 1.31 (3.66%)
DGKC 89.90 Increased By ▲ 1.90 (2.16%)
FCCL 22.40 Increased By ▲ 0.20 (0.9%)
FFBL 33.03 Increased By ▲ 0.31 (0.95%)
FFL 9.75 Decreased By ▼ -0.04 (-0.41%)
GGL 10.75 Decreased By ▼ -0.05 (-0.46%)
HBL 115.50 Decreased By ▼ -0.40 (-0.35%)
HUBC 137.10 Increased By ▲ 1.26 (0.93%)
HUMNL 9.95 Increased By ▲ 0.11 (1.12%)
KEL 4.60 Decreased By ▼ -0.01 (-0.22%)
KOSM 4.83 Increased By ▲ 0.17 (3.65%)
MLCF 39.75 Decreased By ▼ -0.13 (-0.33%)
OGDC 138.20 Increased By ▲ 0.30 (0.22%)
PAEL 27.00 Increased By ▲ 0.57 (2.16%)
PIAA 24.24 Decreased By ▼ -2.04 (-7.76%)
PIBTL 6.74 Decreased By ▼ -0.02 (-0.3%)
PPL 123.62 Increased By ▲ 0.72 (0.59%)
PRL 27.40 Increased By ▲ 0.71 (2.66%)
PTC 13.90 Decreased By ▼ -0.10 (-0.71%)
SEARL 61.75 Increased By ▲ 3.05 (5.2%)
SNGP 70.15 Decreased By ▼ -0.25 (-0.36%)
SSGC 10.52 Increased By ▲ 0.16 (1.54%)
TELE 8.57 Increased By ▲ 0.01 (0.12%)
TPLP 11.10 Decreased By ▼ -0.28 (-2.46%)
TRG 64.02 Decreased By ▼ -0.21 (-0.33%)
UNITY 26.76 Increased By ▲ 0.71 (2.73%)
WTL 1.38 No Change ▼ 0.00 (0%)
BR100 7,871 Decreased By -3 (-0.04%)
BR30 25,596 No Change 0 (0%)
KSE100 75,342 No Change 0 (0%)
KSE30 24,214 No Change 0 (0%)

KARACHI: The solar power is the way forward for Pakistan to safeguard its energy security and to lower the basket price of electricity for the consumers in the country, said CEO of Alternative Energy Development Board (AEDB) Dr Rana Abdul Jabbar Khan.

Speaking at the 1st Virtual Conference on Solarization of Pakistan organized by the Energy Update, he said that Pakistan should massively take advantage of its presence in one of the best solar zones in the world. He said that lately solar energy had become the cheapest source of energy among the low-cost options to generate electricity. This has happened due to steep decline in solar electricity rates.

He said that the AEDB would fully support the full exploitation of the solar power potential of the country so that by the year 2030 Pakistan would be generating up to 30 per cent of its electricity on the basis of clean sources of energy.

He said the AEDB had been conducting solar resource mapping of Pakistan with the support of World Bank as for the purpose nine solar stations had been established in different areas. He said that the AEDB had also been adopting the required measures to introduce the regime of competitive bidding for upcoming alternative energy projects in the country.

Dr Khan said that the AEDB was fully committed to promote all clean resources of energy to pursue the new Alternative Energy Policy of the country. He said that the solar power projects would also be introduced for the faraway off-grid areas of the country. He said that the AEDB had also been promoting net-metering system to allow individual consumers to utilize wind and solar energy.

Zaigham Mahmood Rizvi, chairman of PM Housing Task Force, emphasised the need of using superior quality equipment to generate solar electricity for the long-term benefit of the energy sector.

Copyright Business Recorder, 2020

Comments

Comments are closed.