'Structural changes in tariff expected to make energy expens

'Structural changes in tariff expected to make energy expensive'


‘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.

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