BR100 Decreased By (-0.91%)
BR30 Decreased By (-1.47%)
KSE100 Decreased By (-0.78%)
KSE30 Decreased By (-0.75%)
AGHA 6.67 Decreased By ▼ -0.01 (-0.15%)
BECO 4.35 Decreased By ▼ -0.02 (-0.46%)
BML 56.17 Decreased By ▼ -1.15 (-2.01%)
BOP 30.12 Decreased By ▼ -0.23 (-0.76%)
CNERGY 12.98 Decreased By ▼ -0.14 (-1.07%)
CSIL 5.31 Decreased By ▼ -0.10 (-1.85%)
FCCL 51.65 Decreased By ▼ -1.14 (-2.16%)
FFL 14.49 Decreased By ▼ -0.23 (-1.56%)
FNEL 1.21 Increased By ▲ 0.09 (8.04%)
KEL 6.06 Decreased By ▼ -0.03 (-0.49%)
KOSM 5.84 Increased By ▲ 0.11 (1.92%)
LOTCHEM 26.17 Decreased By ▼ -0.29 (-1.1%)
MLCF 91.23 Decreased By ▼ -1.93 (-2.07%)
NBP 164.19 Decreased By ▼ -0.47 (-0.29%)
NCPL 53.18 Decreased By ▼ -2.48 (-4.46%)
NPL 59.12 Decreased By ▼ -2.04 (-3.34%)
OGDC 313.39 Decreased By ▼ -3.34 (-1.05%)
PACE 9.77 Decreased By ▼ -0.10 (-1.01%)
PAEL 35.24 Decreased By ▼ -0.39 (-1.09%)
PIBTL 14.71 Increased By ▲ 0.03 (0.2%)
PPL 221.36 Decreased By ▼ -5.55 (-2.45%)
PRL 91.22 Decreased By ▼ -1.80 (-1.94%)
PTC 59.19 Decreased By ▼ -1.07 (-1.78%)
SSGC 23.30 Decreased By ▼ -0.51 (-2.14%)
TBL 8.75 No Change ▼ 0.00 (0%)
TELE 7.61 Decreased By ▼ -0.19 (-2.44%)
TPL 22.03 Decreased By ▼ -0.32 (-1.43%)
TPLP 12.56 Decreased By ▼ -0.41 (-3.16%)
TREET 21.73 Decreased By ▼ -0.43 (-1.94%)
TRG 55.79 Decreased By ▼ -0.77 (-1.36%)

LAHORE: The Punjab government has initiated work on the 92-megawatt Canal Solar Project and the 40-megawatt-hour Battery Energy Storage System (BESS) to supply low-cost electricity to the industrial sector.

Provincial Minister for Energy Faisal Khokhar received a detailed briefing on the initiative, during which officials presented a modern model for installing solar panels along the 400-foot-wide Q.B. Link Canal.

According to the briefing, the project will generate affordable, clean energy as an alternative to costly energy. With an expected payback period of 4.5 years, it is projected to save billions of rupees. The initiative also offers major environmental advantages, including land-free installation, improved solar performance, and reduced canal water evaporation. The BESS component will ensure a stable power supply during peak hours and at night.

The minister expressed strong interest in the project, saying that it could serve as a model for reliable and affordable energy production. He said that sustainable, low-cost, and environment-friendly power is a top priority for the Punjab government and called for similar projects to be developed across the province.

“Providing low-cost energy to Punjab’s industry is our priority. For this purpose, small 1–5 megawatt plants should also be installed on canals near rural areas,” he said.

He directed Secretary Energy Dr Farrukh Naveed to prepare the first draft of the proposal, adding that renewable energy is the foundation of Punjab’s future and such initiatives will be advanced on a priority basis.

The meeting was attended by CEO of Quaid-e-Azam Thermal Dr Rana Abdul Jabbar, Additional Secretary Majid Iqbal, Managing Director of the Punjab Power Development Board Sania Awais, and other officials.

Copyright Business Recorder, 2025

Comments

Comments are closed for this article.