A.Rafay
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ISLAMABAD: The chief executive of the Alternative Energy Development Board (AEDB), Arif Alauddin has said that a number of projects are in the pipeline to overcome the energy crisis in the country; giving relief to the people.
Giving an interview to the Pakistan Television Corporation (PTV), he said that 500 megawatts (MW) of electricity will be added to the national grid in the next few months. He said that his board is mandated only to attract private sector investment while the public sector was meant only to regulate and facilitate the process.
Pakistan is relying heavily on fossil fuels to meet its energy requirements and the nation is spending more than $11 billion on import of petroleum products annually, Alauddin said. The oil import bill will increase to $38 billion by 2015 and Pakistan remains at a strategic risk due its heavy reliance on fuel imports, he added.
He said that after the establishment of the AEDB in 2003, Pakistan has made considerable progress in this field. To a question, he replied that the board recently approved the New Park Energy Phase I a 400MW wind project near Port Qasim. With help of the China Three Gorges Corporation, a 50MW wind energy plant in Sindh will be completed by next year The chairman said that recently, a memorandum of understanding has been signed at a two-day second Pak-China Joint Energy Group (JEWG) for setting up wind energy projects.
To another question, he said that a number of countries have successfully developed renewable energy sources to minimise dependence on fossil fuels. Realising countrys growing demand of the industrial and agricultural sectors and growing domestic consumption; the government has initiated several renewable energy projects to address the power shortfall, he said.
Giving an interview to the Pakistan Television Corporation (PTV), he said that 500 megawatts (MW) of electricity will be added to the national grid in the next few months. He said that his board is mandated only to attract private sector investment while the public sector was meant only to regulate and facilitate the process.
Pakistan is relying heavily on fossil fuels to meet its energy requirements and the nation is spending more than $11 billion on import of petroleum products annually, Alauddin said. The oil import bill will increase to $38 billion by 2015 and Pakistan remains at a strategic risk due its heavy reliance on fuel imports, he added.
He said that after the establishment of the AEDB in 2003, Pakistan has made considerable progress in this field. To a question, he replied that the board recently approved the New Park Energy Phase I a 400MW wind project near Port Qasim. With help of the China Three Gorges Corporation, a 50MW wind energy plant in Sindh will be completed by next year The chairman said that recently, a memorandum of understanding has been signed at a two-day second Pak-China Joint Energy Group (JEWG) for setting up wind energy projects.
To another question, he said that a number of countries have successfully developed renewable energy sources to minimise dependence on fossil fuels. Realising countrys growing demand of the industrial and agricultural sectors and growing domestic consumption; the government has initiated several renewable energy projects to address the power shortfall, he said.
