{"id":7425,"date":"2024-09-04T20:06:21","date_gmt":"2024-09-04T20:06:21","guid":{"rendered":"https:\/\/amzoenergy.com\/?page_id=7425"},"modified":"2024-09-04T21:13:10","modified_gmt":"2024-09-04T21:13:10","slug":"pakistans-alternative-and-renewable-energy","status":"publish","type":"page","link":"https:\/\/amzoenergy.com\/index.php\/pakistans-alternative-and-renewable-energy\/","title":{"rendered":"Pakistan\u2019s Alternative and Renewable Energy"},"content":{"rendered":"

[vc_row wrap_container=”yes” is_section=”yes” remove_margin_top=”yes” remove_margin_bottom=”yes” remove_border=”yes”][vc_column][vc_row_inner animation_delay=”100″ el_class=”align-items-center” animation_type=”fadeInRight”][vc_column_inner width=”1\/3″][vc_single_image image=”7428″ img_size=”full” el_class=”mt-4″][\/vc_column_inner][vc_column_inner width=”2\/3″]

Pakistan\u2019s Alternative and Renewable Energy (ARE) Policy 2020<\/h2><\/div>
On August 12, 2020, the then Government of Pakistan announced the Alternative and Renewable Energy (ARE) Policy 2020. The aim of the policy was to increase the share of ARE in total power supply to 20% by 2025 and 30% by 2030 from about 5% in 2020. This was to be achieved through offering generous tax facilities to investors and promising induction of power plants on open competitive bidding for lowest tariff and technology transfer. The five key features of the policy are as follows:<\/p>\n
    \n
  1. Investment would be solicited on competitive bid for lowest cost instead of upfront or costplus based tariff as was under all previous power policies.<\/li>\n
  2. The federal government would decide on annual and three-year basis about the quantity of additional power requirement instead of federating units and steering committee deciding the requirement.<\/li>\n
  3. The currency devaluation factor would be taken care of in bids for tariff.<\/li>\n
  4. The policy will provide incentives for technology transfer for local manufacturing of solar panels, wind turbines and all related equipment for job creation.<\/li>\n
  5. The bidding would be based on two to three-year forward-looking energy requirements and on take and pay basis without allowing capacity payment price to ensure that tariff is paid only for the electricity purchased and not for capacity availability.<\/li>\n<\/ol>\n

    <\/div><\/div>[\/vc_column_inner][\/vc_row_inner][vc_row_inner animation_delay=”100″ el_class=”align-items-center” animation_type=”fadeInLeft”][vc_column_inner el_class=”order-md-2″ width=”1\/3″][vc_single_image image=”7429″ img_size=”full” el_class=”mt-4″][\/vc_column_inner][vc_column_inner width=”2\/3″]

    The Promise of Alternative Energy<\/h2><\/div>
    Alternative energy sources, such as solar, wind, hydroelectric, and biomass, offer a way out of this energy predicament as envisioned under ARE Policy. These sources provide a range of benefits that align with Pakistan\u2019s unique geographical and climatic conditions.<\/p>\n