ISLAMABAD: An amount of $3 billion has been invested in the field of renewable energy over the past one year, indicating the investment potential and interest of investors in the sector.

This was said by Chief Executive Officer of the Alternative Energy Development Board (AEDB), Amjad Ali Awan, on Sunday.

He said that Pakistan had become a choice destination of investors because of the potential in this sector, robust policy framework, lucrative tariff structures and bankable security documents. “The government is taking steps to harness the potential of renewable energy, diversify energy mix and ensure energy security.”

Also read: Govt urged to consider alternative energy options

Talking to APP, he cited promotion and development of renewable energy technology as the main factor behind record investment in the sector in one year.

Mr Awan said that resource assessment of wind, solar and biomass had been carried out in the country with the assistance of the World Bank’s energy sector management assistance programme.

He said the AEDB had so far issued over 25 letters of interest (LoI) to solar energy projects having an accumulative capacity of 663 megawatts, adding that the projects would start commercial operation by 2018.

Published in Dawn, December 7th, 2015


27 Nov 2021

Supporting ECP

ALTHOUGH the government bulldozed legislation on electronic voting machines through parliament, the reality is that...
27 Nov 2021

Forgiving the Taliban

IF there is one takeaway from Thursday’s gathering of more than 1,000 Shia Hazaras in Kabul, it is the call given...
Living in fear
Updated 27 Nov 2021

Living in fear

THE registration of a blasphemy case against four members of a family from a village on the outskirts of Lahore has...
26 Nov 2021

State Bank’s projections

THE macroeconomic projections listed by the State Bank of Pakistan in its annual report on the nation’s economy...
Ad distribution
Updated 26 Nov 2021

Ad distribution

If present govt can muster will to achieve this task it would set a solid precedent that no future govt would find easy to undo.
26 Nov 2021

Messy passengers

NEWS that passengers on a PIA flight from Manchester to Islamabad left so much litter on the plane that it led to a...