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News Desk

Pakistan Observer

Published Date: Jun 2, 2021

https://pakobserver.net/govt-intends-to-ensure-ease-of-doing-business-in-energy-sector-farooqi/

Govt intends to ensure ease of doing business in energy sector: Farooqi

Chairman, National Electric Power Regulatory Authority (NEPRA), Mr Tauseef H Farooqi, has said that the Renewable Energy (RE) portfolio of Pakistan can be improved by including Hydro power generation in renewable energy mix.

The potential of RE in coastal areas of Karachi is lower as compared to Jhimpir and Gharo and adding RE projects based on lesser irradiance or wind speed will make them more expensive to be added to the national grid.

He said this during the public private dialogue ‘Prospects of clean energy transition along the coastal areas of Karachi: Key challenges, development strategies, and the way forward,’ organized by sustainable Development Policy Institute (SDPI), here on Tuesday.

“NEPRA is trying to de-regulate the market and investor friendly wheeling,” Mr Farooqi said while explaining that NEPRA is trying to ensure ease of doing business for investors and exploring indigenous solutions for the energy in Pakistan.

Executive Director, Pakistan-China Institute, Islamabad, Mr Mustafa Haider Sayed, emphasized that the national grid infrastructure needs to be upgraded before utilizing the potential of renewable energy.

He suggested that there should be a Joint coordination committee working on greening of China Pakistan Economic Corridor (CPEC).

To ensure the compliance of international standards, capacity building of enforcing agencies such as Environmental Protection Agencies (EPAs) need to take place, he added.