November 14, 2022: The federal government is actively promoting and facilitating the progress and deployment of renewable strength projects in the place to satisfy electrical power needs of customers.
In accordance to Electric power Division, the enhancement of renewable energy centered ability generation projects is getting pursued in Unbiased Electricity Producers manner by non-public sector investors less than governing administration procedures.
It explained that a overall of 51 renewable electricity jobs of 2634 megawatt ability have been finished and are supplying electricity to the nationwide grid. Quite a few other initiatives are also staying taken for quickly-observe enhancement of renewable electrical power assignments.
The Electrical power Division explained the government is encouraging utilization of photo voltaic power technologies at buyer ends throughout domestic, commercial, and industrial sectors.
It said in order to aid the domestic consumers in set up of photo voltaic procedure, the authorities has by now set in spot a funding scheme for renewable power as a result of the Condition Bank of Pakistan. As per the plan, concessional financial loans at the charge of six percent desire are getting provided by the business financial institutions below distinct types.