CCI approves 10-year energy plan 

By: News Desk      Published: 03:36 PM, 6 Sep, 2021
CCI approves 10-year energy plan 

Council of Common Interests (CCI) approved a 10-year Energy Plan to expand Energy Production 2021-30, reported 24NewsHD TV channel.

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 country’s energy production by local fuels would up to 69 to 87 percent and priority be given to clean and cheap energy production sources. 

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.”

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.”

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.