Minister underscored Pakistan’s vast potential for solar and wind energy generation, citing the abundance of sunlight and wind resources.
Caretaker Minister for Energy, during a seminar titled “Renewable Energy – the Way Forward,” emphasized Pakistan’s resolve to adopting renewable energy solutions to meet its growing energy needs and counter the environmental consequences of conventional energy sources.
The event, jointly organized by the Information Service Academy and Alliance for Good Governance Foundation, served as a platform for discussing the transformative potential of renewable energy solutions in the country.
Minister underscored Pakistan’s vast potential for solar and wind energy generation, citing the abundance of sunlight and wind resources.
Expressing optimism about the future, he emphasized that the government’s dedication to increasing the share of renewables in the energy mix, coupled with international support and investment, was laying the foundation for a sustainable energy landscape.
Initiatives like the Alternative Energy Development Board (AEDB) and the implementation of supportive policies and incentives for renewable energy projects were identified as crucial drivers of this transition. Minister Ali emphasized that a diversified renewable energy portfolio not only enhanced energy security but also aligned with global efforts to combat climate change by reducing carbon emissions.
Highlighting recent advancements, Minister Ali disclosed that the government had approved the National Electricity Plan 2023. This comprehensive plan provides guidelines, implementation mechanisms, and tools to realize the goals outlined in the National Electricity Policy, focusing on the power sector. The minister stressed the significance of decarbonization and electrification as critical components of Pakistan’s future energy strategy.
Discussing plans for expansion, particularly in wind and solar energy, Minister Ali remarked, “Power sector plays an important role in climate change mitigation, and accordingly, the government is giving top priority to a just energy transition in Pakistan.” He detailed the aim to gradually decrease tariffs and shift towards the utilization of indigenous resources.
In outlining three key priorities for the energy sector, Minister addressed exploration challenges by improving data availability, removing payment barriers, and revising policies.
Additionally, he emphasized the expansion of natural gas supply, focusing on the power sector, including crucial investments in transmission. Promoting renewables and resolving circular debt were identified as essential steps to ensure a stable power supply and payment resolution.
As Pakistan takes bold steps towards a cleaner, more sustainable, and resilient energy future, the minister’s remarks echoed the country’s commitment to making a tangible impact in the realm of sustainable energy. The focus on indigenous resources, coupled with strategic policy changes, positions Pakistan as a key player in the global effort to transition towards a greener and more sustainable energy landscape.