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Foreign investors request PM’s support to execute renewable energy projects

The Pakistan Foreign Investors Forum (PFIF) has sought Prime Minister (PM) Imran Khan’s intervention to resolve issues delaying the availability of cheap 425mw alternative and renewable energy (ARE) projects, at less than 4 cents (Rs6.3) per unit, for the masses struggling with expensive electric bills.

According to a report by Dawn, the group of wind and solar energy sponsors has complained to the prime minister that the National Electric Power Regulatory Authority (Nepra) had cleared their generation tariffs; however, the Ministry of Energy had failed to issue a notification for almost 5-10 months due to legal loopholes in an April 2019 decision of the Cabinet Committee on Energy (CCOE).

“NEPRA has recently awarded the lowest wind power tariff in Pakistan’s history at an average of US cents 3.22/kwh to five projects of 275mw (which is lower than present wind tariff of China, USA etc) located in Jhimpir — Sindh and to 150mw three solar projects located in Dera Ismail Khan at 3.9 cents/kwh),” the PFIF wrote to the prime minister.

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