Tuesday, January 31, 2023
HomeBusiness$4 Billion Investment in Baluchistan

$4 Billion Investment in Baluchistan

Minister of power division Omar Ayub Khan informed National Assembly that Saudi Arabian power producing company ACWA is going to finance around $4 billion in Pakistan’s renewable energy sector.

The government of Pakistan has formulated an alternative renewal energy policy in 2019, which has been approved by the federal cabinet and forwarded to the Council of Common Interests (CCI) for further approval. This policy focuses on increasing the share of alternative energy in the available sources of energy up to 20pc by 2025 and 30pc by 2030.

Omar Ayub said, “The scope of the policy also includes the development of waste-to-energy projects by utilizing municipal solid waste.”
In this reference, he is eager to install waste-to-energy projects in the country.

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