ISLAMABAD – February 27 (ONLINE) The Businessmen Panel (BMP) of Federation of Pakistan Chambers of Commerce and Industry (FPCCI) on Sunday called for early completion of renewable energy projects, besides removing the hindrances to avoid delay, as the execution of several wind, solar and hydel power projects are getting delayed.
“Renewable energy sources including water, wind and solar were getting key focus on the global level as they were sustainable sources of energy at affordable cost” FPCCI’s Businessmen Panel (BMP) Chairman Mian Anjum Nisar chairman said Sunday, warning that the government of the impediments including land acquisition, financial flows, Covid-19, and emerging security scenario, causing delays and cost escalations to the Diamer Bhasha and Mohmand Dams, affecting the timeliness set for completion of the projects.
In a statement, stressing the need for more renewable projects in the country, he said that almost all power projects initially suffered because of the Covid-19 outbreak in China that affected mobilization and was followed by lockdowns in Pakistan and subsequent standard operating procedures for operations of transport and factories in the country.
He reiterated the demand of speedy completion of those projects as early as possible. Moreover, the financial flows were also the issue that required to be focused on to ensure that recovery plans to compensate for the lost timelines.
The FPCCI former president said that renewable energy sources including water, wind and solar were getting key focus on the global level as they were sustainable sources of energy at affordable cost. He said the installed capacity of solar and wind power across the world have witnessed over 5000 percent and over 650 percent increase respectively, but in Pakistan due attention has not been paid to this important source of energy as yet despite the fact that our economy has suffered huge losses due to energy shortage.
Follow the PNI Facebook page for the latest news and updates.
