BR100 Increased By (0.11%)
BR30 Decreased By (-0.26%)
KSE100 Increased By (0.12%)
KSE30 Increased By (0.09%)
AGHA 7.79 Increased By ▲ 0.04 (0.52%)
BECO 5.23 Increased By ▲ 0.04 (0.77%)
BML 57.26 Decreased By ▼ -1.40 (-2.39%)
BOP 34.10 Increased By ▲ 0.41 (1.22%)
CNERGY 9.92 Decreased By ▼ -0.69 (-6.5%)
CSIL 5.35 Increased By ▲ 0.05 (0.94%)
FCCL 54.61 Increased By ▲ 0.87 (1.62%)
FFL 16.70 Increased By ▲ 0.24 (1.46%)
FNEL 1.24 Increased By ▲ 0.02 (1.64%)
KEL 7.42 Increased By ▲ 0.14 (1.92%)
KOSM 5.75 Increased By ▲ 0.11 (1.95%)
LOTCHEM 29.35 Decreased By ▼ -0.30 (-1.01%)
MLCF 94.35 Decreased By ▼ -2.01 (-2.09%)
NBP 202.70 Decreased By ▼ -0.83 (-0.41%)
NCPL 57.00 Increased By ▲ 0.15 (0.26%)
NPL 67.78 Increased By ▲ 0.47 (0.7%)
OGDC 316.40 Decreased By ▼ -1.82 (-0.57%)
PACE 10.64 Increased By ▲ 0.01 (0.09%)
PAEL 43.15 Increased By ▲ 1.38 (3.3%)
PIBTL 16.72 Decreased By ▼ -0.09 (-0.54%)
PPL 220.50 Increased By ▲ 0.33 (0.15%)
PRL 49.05 No Change ▼ 0.00 (0%)
PTC 70.98 Increased By ▲ 0.97 (1.39%)
SSGC 28.17 Decreased By ▼ -0.97 (-3.33%)
TBL 9.90 Increased By ▲ 0.13 (1.33%)
TELE 8.80 Decreased By ▼ -0.02 (-0.23%)
TPL 18.14 Increased By ▲ 0.97 (5.65%)
TPLP 13.40 Increased By ▲ 0.89 (7.11%)
TREET 22.75 Increased By ▲ 0.16 (0.71%)
TRG 60.30 Increased By ▲ 0.08 (0.13%)

PESHAWAR: The Khyber Pakhtunkhwa Government has initiated the execution of two mega solarization projects of Rs.55 billion for all public buildings and provision of solar units to households having low income, with the aim to overcome the electricity crisis and make the province load shedding free.

Memorandum of Understandings (MoUs) were signed between Bank of Khyber (BOK) and Pakhtunkhwa Energy Development Organization (PEDO) for the implementation of Solarization projects, at a ceremony held here at Chief Minister’s House with Chief Minister Ali Amin Khan Gandapur as the chief guest. Besides newly appointed Special Assistant to CM for Energy and Power Tariq Sadozai, higher authorities of Energy and Power, Finance departments and PEDO also attended the MoUs signing ceremony.

As per MoUs, under solarization of public buildings across the province project, all public buildings including hospitals, universities, colleges, schools, police stations, prisons, tube wells, street lights and other government offices will be solarized.

The estimated cost of the overall project is Rs20 billion. Initially, 13000 public buildings have been identified for conversion to solar energy and their solarization will be carried out at an estimated cost of Rs15 billion.

Moreover, under solarization of houses project, a total of 130,000 households having low income will be provided with solar units. Out of total, 65000 households will be provided solar units free of cost whereas as remaining 65000 houses will be provided solar units at 50 percent contribution by the government of Khyber Pakhtunkhwa and 50 percent by the beneficiaries.

The overall estimated cost of the project is around 35 billion rupees. Under the project, round-about 100,000 houses of settled districts and 30,000 houses of merged districts will be converted to solar energy.

Speaking on the occasion, the Chief Minister said that the incumbent provincial government was making huge investment in energy sector aimed at ensuring availability of load shedding free electricity to citizens alongside enhancing the revenue for the province. He added that, in solarization, those areas would be prioritized where load shedding and losses are comparatively high. The Chief Minister noted that providing solar units would alleviate the heavy burden of electricity bills on citizens and ensure power supply without load shedding. He added that solarization of government buildings would result in significant savings on account of electricity bills. “This year’s budget has been named as Green Budget, newly initiated solarization schemes are of national importance, and their implementation would reduce the burden on the national grid as well,” he concluded.

Copyright Business Recorder, 2024

Comments

Comments are closed for this article.

Arsalan Nov 10, 2024 06:05am
A sincere provincial govt for its people. Here in Punjab we only have false claims
0