Balochistan urges Centre to approve KE's renewable energy project

Business 1 day ago
Balochistan urges Centre to approve KE's renewable energy project
  • 51
  • 0

ISLAMABAD: The Government of Balochistan has urged the federal government to expedite the approval of K-Electric's 150 MW renewable energy projects planned for the province.

These projects, part of a broader 640 MW initiative across Sindh and Balochistan, have been approved by NEPRA in early 2024. K-Electric completed the competitive bidding process for these projects, which include the flagship 150 MW Winder and Bela solar projects, which have been under development since 2020.

The provincial government views the 150 MW solar projects as vital for addressing Balochistan's increasing power demands while also offering key benefits, including job creation, industrial development, and support for the agricultural sector. As such, the provincial authorities have called on the Power Division and NEPRA to fast-track the approval process, especially the evaluation reports for the Winder and Bela projects. K-Electric has submitted the bid evaluation reports to NEPRA for approval, but the decision is still pending.

The Request for Proposal (RFP) for these projects was approved in February and March 2024. These projects, part of the approved Indicative Generation Capacity Expansion Plan (IGCEP) 2022 and K-Electric's Power Acquisition Program (PAP), are expected to bring significant benefits, including reducing Pakistan's reliance on imported fuels, saving approximately Rs 13 billion annually and $87 million in foreign exchange. While KE appreciates Balochistan's support, including land allocation for the solar projects, delays in approval due to ongoing optimization within the IGCEP 2024 could jeopardize the projects' timelines.

K-Electric has urged the provincial government and relevant authorities to advocate for the swift approval of these crucial renewable energy projects to ensure their timely completion and benefits to the region and the country.

NC Big Stories

Steve Smith joins elite list after achieving historic Test milestone

Australian batter Steve Smith has etched his name in the record books, becoming the 15th player in Test cricket history to score 10,000 runs. Smith achieved this remarkable feat during the first Test against Sri Lanka in Galle, joining an elite grou...

Noman Ali makes big gain in latest ICC Test Rankings

DUBAI: Pakistan’s star spinner Noman Ali made a big gain, whereas prolific batter Babar Azam suffered a decline in the latest ICC Test Rankings released. Noman Ali claimed bowling figures of 6-41, including a hat-trick, in the first session of...

Champions Trophy: Tickets for three matches sold out

Lahore: Cricket fans exhibited extraordinary enthusiasm for the upcoming ICC Men’s Champions Trophy 2025 as tickets for three highly-anticipated matches have been sold out. The ticket sale for the Pakistan-hosted matches of the eight-team tourn...

Nisho shares why she’s perfect marriage material

Nisho Begum, a celebrated diva of old Lollywood, recently opened up about why she believes she is “marriage material.” The veteran actress, who remains relevant in the entertainment industry through her social media presence and interview...

More like this
Related

KSE-100 closes 543 points lower

KARACHI: Selling pressure continued at the Pakistan Stock Exchange (PSX) on Wednesday, with the KSE-100 Index closing 543 points lower at 111,487.36, a decline of 0.48%. The session began positively, reaching an intra-day high of 112,569.90, but mar...

OICCI hosts inaugural Climate Excellence Awards at 3rd Pakistan Climate Conference

KARACHI: The Overseas Investors Chamber of Commerce & Industry (OICCI) successfully concluded the 3rd Pakistan Climate Conference today, marking the event with the inaugural OICCI Climate Excellence Awards. The two-day conference brought togethe...

President FPCCI highlights sustainable tourism forum's role in boosting Pakistan's tourism

KARACHI: A two-day Sustainable Tourism Forum, jointly organized by the Islamic Chamber of Commerce and Industry (ICCI), the Federation of Pakistan Chambers of Commerce and Industry (FPCCI), and the Pakistan Tourism Development Corporation (PTDC), is...

PM Shehbaz welcomes int’l investors delegation to Pakistan

 ISLAMABAD: Prime Minister Muhammad Shehbaz Sharif hosted an international investors' delegation, led by prominent U.S. investor Mr. Gentry Beach, to discuss Pakistan's growing investment landscape and its promising economic prospects. The meet...
Need Help? Chat with us