ANL 12.55 Decreased By ▼ -0.59 (-4.49%)
ASC 12.21 Decreased By ▼ -0.09 (-0.73%)
ASL 13.28 Decreased By ▼ -0.16 (-1.19%)
BOP 8.55 Increased By ▲ 0.14 (1.66%)
BYCO 5.90 Decreased By ▼ -0.10 (-1.67%)
FCCL 17.52 Decreased By ▼ -0.33 (-1.85%)
FFBL 23.80 Decreased By ▼ -0.31 (-1.29%)
FFL 10.01 Decreased By ▼ -0.14 (-1.38%)
FNEL 9.23 Decreased By ▼ -0.29 (-3.05%)
GGGL 14.74 Increased By ▲ 0.64 (4.54%)
GGL 26.36 Increased By ▲ 0.20 (0.76%)
HUMNL 5.85 Increased By ▲ 0.11 (1.92%)
JSCL 15.00 No Change ▼ 0.00 (0%)
KAPCO 31.40 Increased By ▲ 0.15 (0.48%)
KEL 3.32 Decreased By ▼ -0.05 (-1.48%)
MDTL 2.08 Decreased By ▼ -0.02 (-0.95%)
MLCF 32.44 Decreased By ▼ -1.16 (-3.45%)
NETSOL 94.68 Increased By ▲ 3.73 (4.1%)
PACE 4.05 Decreased By ▼ -0.10 (-2.41%)
PAEL 21.00 Increased By ▲ 0.30 (1.45%)
PIBTL 7.35 Decreased By ▼ -0.05 (-0.68%)
POWER 6.25 Decreased By ▼ -0.19 (-2.95%)
PRL 12.29 Increased By ▲ 0.13 (1.07%)
PTC 8.62 Decreased By ▼ -0.06 (-0.69%)
SILK 1.19 No Change ▼ 0.00 (0%)
SNGP 37.84 Increased By ▲ 0.04 (0.11%)
TELE 15.55 Increased By ▲ 1.20 (8.36%)
TRG 93.71 Increased By ▲ 6.53 (7.49%)
UNITY 22.98 Increased By ▲ 1.02 (4.64%)
WTL 2.07 Increased By ▲ 0.04 (1.97%)
BR100 4,487 Increased By ▲ 14.3 (0.32%)
BR30 17,781 Increased By ▲ 186.4 (1.06%)
KSE100 43,847 Decreased By ▼ -6.6 (-0.02%)
KSE30 17,049 Increased By ▲ 43.7 (0.26%)

Coronavirus
LOW
Source: covid.gov.pk
Pakistan Deaths
28,793
924hr
Pakistan Cases
1,287,703
31024hr
Sindh
477,119
Punjab
443,610
Balochistan
33,514
Islamabad
107,989
KPK
180,471
Business & Finance

Pakistan to issue Green Bond to boost renewable energy projects

  • “We’ve got a lot of hydro potential in Pakistan,” he said. “The bonds are there to accelerate this,” said Aslam.
20 Feb 2021

In a move to boost renewable energy in Pakistan, the government plans to issue the country's first green bond.

As per Bloomberg, the government is planning to issue a $500 million green bond in the next few months, which will be used to develop hydroelectric power. It is pertinent to mention that as per Investopedia, a green bond is defined as a fixed-income instrument that is specifically earmarked to raise money for climate and environmental projects.

Advisor to Prime Minister Imran Khan on climate change, Malik Amin Aslam told the platform that the bond will a euro dominated and will be issued through the Water & Power Development Authority (WAPDA) alongside JPMorgan Chase & Co.

“We’ve got a lot of hydro potential in Pakistan,” he said. “The bonds are there to accelerate this,” said Aslam.

The present government of Prime Minister Imran Khan is keen to boost electricity generation through renewable sources including wind and solar.

Earlier, Minister for Energy Omar Ayub Khan Thursday said that there was a vast scope of investing $40 billion in the energy sector. He said that by the year 2030, 60 per cent energy would be generated from the solar system, wind, bio-gas, 10 per cent gas, 10 per cent nuclear, 10 per cent coal and remaining 10 per cent from local sources.

Back in December, Nadeem Babar, Special Assistant to Prime Minister on Petroleum at the Petroleum Division informed that the government is carrying out structural reforms in the energy sector in view of newly promulgated Renewable Energy Policy of Pakistan. He said that the government had set targets to introduce 20 percent renewable energy by 2025, and 30 percent by end of 2030.

With an additional share of 30-40 percent hydel power generation, Pakistan will have the cleanest generation mix as a result, expressed SAPM.

We love hearing your feedback, please help us improve by answering these few survey questions

Comments

Comments are closed.