Pakistan has the resources to produce 150,000 megawatts (MW) energy from potential wind energy projects in the future, says the president of PCJCCI.
Mr. S.M Naveed, President of Pakistan-China Joint Chamber of Commerce and Industry (PCJCCI) suggested that Pakistan with its rich resources has the potential to generate 150,000MW energy from wind energy projects in the future. He was of the view that the new projects had the potential to attract $2 billion in periodic investments from veritable sources.
While addressing a think tank session in Lahore, the PCJCCI President discussed the plans of the government to inject the national grid with 2,500 MW from wind energy and from renewable energy resources including 1,000MW from solar, 50,000MW from commercial level hydropower plants (large), 3,100MW from small hydropower plants and 500MW from recycled waste.
Read more: World Bank Advises Pakistan to Invest in Solar and Wind Energy
Meanwhile, apprising other participants of the meeting, Naveed added, “Government should opt for short-term energy projects to curb the prevailing energy crisis that has crippled the national economy in general and the industrial sector in particular.”
Then he expressed concern over the decision of the government to integrate the national grid with long-term energy projects.
Whereas, PCJCCI Senior VP Daud Ahmed was also present at the session, giving his verdict on the matter. Voicing his concerns, he said that “the energy mix in Pakistan is imbalanced compared to other countries because we rely greatly on non-renewable resources such as gas (43.7%) and oil (29%).”
He also showed his concern and urged the government to take notice of the situation, with setbacks to industrial processes and associated sectors reportedly creating rifts for Pakistan’s cash-strapped economy.
