‘Structural changes in tariff expected to make energy expensive’
Islamabad
April 2, 2021
Islamabad : Chairperson National Electric Power Regulatory Authority Tauseef H Farooqui has said that the government is vying to increase hydropower projects under the umbrella of renewable energy from 3.5 per cent to 30%.
Mr Farooqui was speaking at a webinar on ‘Impact of Covid-19 on energy sector of Pakistan: opportunities and challenges,’ organised by Sustainable Development Policy Institute (SDPI) here Wednesday.
Mr Farooqui predicted that the target is increasing the share of renewable energy in the country to 60% in the next 10 years. He briefed the participants that the pandemic affected investment in the energy sector globally from 20-30% and in renewable energy sector by 15%. He observed that there have been several challenges on the demand side as commercial activities were ceased for a while leaving a bad impact on the economy. Thus, the government provided 25% discount to the industrial sector while the small and medium enterprises was given 50% relief.