Renewable Energy Share To Be Increased To 30 Percent Till 2030: Omar Ayub Khan
Faizan Hashmi Published January 17, 2019 | 09:56 PM
Minister for Power Omar Ayub Khan on Thursday said Power Division is working on renewable energy policy to harness immense potential in solar, wind and hydel resources
He said the government is considering increasing share of renewable energy in the overall energy mix to 20 per cent till year 2025 from the existing four percent and take it to 30 percent till year 2030.
He said this in a meeting with Chinese Ambassador, Yao Jing who called on him at his office. Secretary Power Irfan Ali was also attended the meeting, a news release said.
The minister while acknowledging the important position of China-Pak Economic Corridor (CPEC) energy projects said that these are symbol of deep rooted relations between the two countries based on mutual respect.
He said the relations are further strengthening with each passing day.
Omar Ayub said Power Division was extending all out support to the Chinese and other investors in the power sector and their various issues were being resolved on priority.
Talking about huge investment potential in the solar panel market, smart meters and other distribution and transmission system equipment including anti fog insulators in Pakistan, the minister said that Chinese investors can take full benefit of these opportunities.
The Chinese Ambassador while reiterating China's commitment to further boost existing ties between the two countries said, power sector has been the prime and most important areas of CPEC.
He said that Chinese investors are closely following Pakistan's power sector policies and are keen to invest in the renewable energy.
The minister also apprised the Chinese Ambassador on the current anti-theft campaign by the Power Division which was gaining good results.
He also briefed him regarding initiation of smart meters projects in various distributioncompanies and invited the Chinese investors for manufacturing the same in Pakistan.
Recent Stories
Currency Rate In Pakistan - Dollar, Euro, Pound, Riyal Rates On 10 April 2024
Today Gold Rate in Pakistan 10 April 2024
PM, UAE President exchange Eid greetings, reiterate desire to enhance ties
PM, Qatari PM resolve to expand ties
Google unveils new AI chips, arm-based processor for data centers
PM exchanges Eid greetings with leaders of Turkiye, UAE, Qatar & Oman
'I represent the Barca way', insists PSG coach Luis Enrique
Real Madrid v Manchester City Champions League starting line-ups
Italy considers stricter penalties for AI-related crimes
Malaysia Calls on Meta and TikTok to Enhance Platform Monitoring
S.Africa's ex-president Zuma wins court bid to run in May election
Punjab Chief Minister Maryam Nawaz Sharif orders relief for prisoners on Eid
More Stories From Pakistan
-
Eid-ul-Fitr celebrated in Faisalabad
13 minutes ago -
RPO, DC, CPO offer Eid in Police Lines
13 minutes ago -
Eid prayers offered in tight security
23 minutes ago -
Largest Eid Prayer congregation held at Old Polo Ground in city
33 minutes ago -
President, PM exchange Eid greetings
43 minutes ago -
PM urges Muslims to remember Palestinians, Kashmiris on Eid-ul-Fitr
1 hour ago
-
Eid-ul-Fitr being celebrated religious fervor
1 hour ago -
President offers Eid prayers in Nawabshah
1 hour ago -
PM offers Eid prayers in Lahore
2 hours ago -
Eidul-Fitr being celebrated in Bahawalpur with zeal
2 hours ago -
Eidul Fitr being celebrated with religious zeal in Dera, Tank, S.Waziristan
2 hours ago -
PM, UAE President exchange Eid greetings, reiterate desire to enhance ties
12 hours ago