PM approves 2000MW solar power projects

Pakistani prime minister has principally approved the construction of solar power projects of 2000 megawatts (MW) in the public sector to generate low-cost renewable electricity.

Prime Minister Shehbaz Sharif said it would also reduce the country’s dependence on power projects running on costly fuels also burdening the foreign exchange reserves.

The prime minister said this during a meeting to review progress on the installation of 10,000 megawatts of solar projects across the country.

He said that under the project, the agricultural tube wells would be converted to solar power on an urgent basis. The solar power projects would also help overcome the issues related to line losses, power theft, and circular debt.

An investors conference on solarisation was held in Pakistan on September 14 which was attended by local and international investor companies including from Saudi Arabia, United Arab Emirates, China and Qatar.

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