CCI approves 10-year energy plan
As per the approved project, three Nuclear Plants in Thar and 4,000 MW of Solar-Wind projects. The plan was pending since 2005.
Sources say that the process of transition to clean energy will be started in 2022 and completed by 2030.
The 10-year energy expansion plan has also been approved by the federal cabinet.
Minister Hammad Azhar said The Council of Common Interests has approved a long-term power generation plan. This plan was pending since 2005. Under this plan, long consultations have been held with the provinces regarding the plan to generate electricity by looking at the projection of supply and demand in the future.”
مشترکہ مفادات کونسل نے بجلی کی پیداوار طویل مدتی پلان کی منظوری دے دی ہے۔ یہ پلان 2005 سے زیر التوا تھا اب اس پلان کے تحت مستقبل میں طلب و رسد کی پروجیکشن دیکھ کر بجلی پیدا کی جائے پلان کے حوالے سے صوبوں کے ساتھ طویل مشاورت کی گئی ہے۔ ۱/۲— Hammad Azhar (@Hammad_Azhar) September 6, 2021
He added, “In the future, cheap electricity will be generated on a competitive basis. After the approval of the long-term plan, the production of expensive electricity will come to an end.”
Hammad Azhar explained, “The problem of awarding contracts in a more capacity and non-transparent manner will be eliminated. If such plans had been made in the past, revolving loans and other problems could have been avoided.”
IGCEP model that only allows power generation to be added when its;— Hammad Azhar (@Hammad_Azhar) September 6, 2021
1) Needed (demand-supply projections)
2) Least cost basis (open competitive bidding)
has today been approved by Council of Common Interests. It was pending since 2005. 1/2
He said that a large part of circular debt originates from excess capacity payments that run into hundreds of billions each year. And expensive power purchase contracts of the past. The indicative Generation Capacity Expansion Plan (IGCEP) model seeks to eliminate both in the future by adding capacity only when needed and through competitive auction.