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‘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
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The pandemic has provided an opportunity to reassess and come up with a comprehensive framework for fuel pricing and cost mitigation. PHOTO: FILE
ISLAMABAD:
The government is planning to increase the number of hydroelectric power projects in order to take the share of renewable energy to higher levels, said National Electric Power Regulatory Authority (Nepra) Chairman Tauseef H Farooqui.
Sharing his views at a webinar titled “Impact of Covid on Energy Sector of Pakistan: Opportunities and Challenges”, organised by the Sustainable Development Policy Institute (SDPI), Farooqui stressed that the target was to increase the share of renewable energy in the country to 60% over the next 10 years.
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