Pakistan’s National Electricity Policy emphasizes power growth that is “open and cost-effective.”
The Council of Common Interests overwhelmingly approved Pakistan’s National Electricity Policy 2021, according to Energy Minister Hammad Azhar. He went on to say that Pakistan’s National Electricity Policy emphasizes power growth that is “open and cost-effective.”
Council of Common Interests has unanimously passed National Electricity Policy. This policy is focused on power expansion on a competitive, least cost and transparent basis. Had we put in place a policy like this 15 years ago, we would not have a troubled power sector today.
— Hammad Azhar (@Hammad_Azhar) June 21, 2021
The policy focuses on power growth on a “competitive, least-cost, and transparent basis,” he said in a tweet, adding that Pakistan would not have experienced any power problems if it had enacted a policy like this 15 years ago.
Now is the time to make the bidding process more competitive.” It will be similar to an auction, Now is the moment to improve the competitiveness of the bidding process. “It’ll like an auction, with ideas approved or rejected.”
He stated that specific objectives for renewable energy, such as hydel electricity, had been set. “We’ve maintained a long-term perspective in mind. That is a ten-year policy.” We want to generate power that is both inexpensive and environmentally beneficial. The main issue in our electricity industry is not generation. It’s also a matter of money. We import petroleum and must make payments that are frequently late. Then there’s a transmission bottleneck to contend with. We’ve expanded our capacity by 4,000 megawatts in two years, but we still need to increase it by at least 10,000 megawatts.
According to Azhar, Pakistan’s National Electricity Policy emphasizes power growth. Also, it would assist the government in laying the groundwork for the National Electricity Plan. That has served as a foundation for resolving day-to-day issues with tariff setting, generation, provision, and transmission.
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