CPEC Exemplar For Pakistan's Energy Scenario
Faizan Hashmi Published July 13, 2022 | 03:40 PM
BEIJING, Jul. 13 (UrduPoint / Pakistan Point News - 13th Jul, 2022 ) :China Pakistan Economic Corridor (CPEC) power plants we have are the most efficient in Pakistan, noted Minister of State for Petroleum Musadik Masood Malik. These plants sent an exemplar for Pakistan's energy scenario, he said in an exclusive interview with China Economic Net (CEN).
Again Pakistan's energy sector is hanging in balance this summer due to inefficiencies, burgeoning circular debt, massive dependence on imported fossil fuels. The energy crisis in the country inevitably brought a direct impact on economic activity and hit lower-income citizens the hardest.
The minister said that due to CPEC, the efficiency and productivity of the energy sector has increased in Pakistan, and investment has also come to the country, yet more needs to be done. The more efficiently we generate electricity, the more the price of electricity will gradually decrease, he said.
Musadik Masood Malik highlighted that the solution to Pakistan's problems is to continuously increase Pakistan's power, gas and petroleum infrastructure. CPEC projects like run-of-river project are very important for our national interest and security, the minister noted.
He pinpointed the significance of hydropower stations in the country as Pakistan has a body of water that flows through the Himalayas and down to the sea. In between there are many places where the government can set up hydroelectric power plants like Karot, he added.
The cost of new power plants, especially the hydropower ones, is very high, but over a period of time it is in our interest to use indigenous resources. Water flows here, we don't even have to lose foreign exchange for it,” Musadik Masood Malik told CEN.
The problem we are facing in Pakistan at the moment is that we have to import fuel on which most of our power plants run. This import puts a heavy burden on our treasury. That is why we have been thinking for a long time that we should focus on all the assets that are being produced in our country,he said.
Listing Thar as one of the models, the minister appreciated a lot the role Thar plays in Pakistan's energy scenario.There are a lot of projects being implemented in Thar, because we need our own indigenous resources, and Chinese companies have invested heavily there as well. We will generate additional energy from our own resources, through coal produced in our country.
Thar at the mine mouth, where coal is being extracted, a number of plants can be set up, which will also lead to development in the region, increase electricity in the country and we will be able to transmit from there,Musadik Masood Malik pointed out, further saying such a formation of an energy cluster in Thar can lead to three things: the improvement of the region, the improvement of the country, and the improvement of the people living there.