PM Shehbaz approves 10,000MW solar project to reduce the dependence on imported fuel

Thursday, Prime Minister Shehbaz Sharif authorized the execution of a 10,000-megawatt solar energy project to lower the country’s import expenditure for expensive diesel and furnace oil.

The state-run wire service stated that the prime minister decided to examine methods for bringing “great alleviation to the populace during a meeting.”

The prime minister urged the government to generate electricity using solar energy rather than imported gasoline.

The solar proposal would save billions of dollars, the gathering was informed.

In the initial phase, solar energy would be provided to government buildings, tube wells powered by electricity and diesel, and low-consumption residential consumers.

The prime minister directed the necessary agencies to ensure the early installation of solar plants to bring relief to the people before the next summer season.

He urged the relevant authorities to initiate the project’s implementation swiftly.

In addition, he suggested hosting a conference of all interested parties within the next week, before the bidding process.

In a tweet sent later in the day, the prime minister stated that a significant portion of electricity is generated from “imported fuel whose prices have increased in recent months.”

“Our National Solar Energy Initiative aims to replace expensive energy with inexpensive solar electricity, which will give enormous relief to citizens and conserve valuable foreign currency,” he continued.

To reduce reliance on imported fuel, the prime minister announced last month that the government would begin 6,000MW to 7,000MW solar energy projects shortly.

Prime Minister Shehbaz told a delegation of the Pakistan America Business Forum in Islamabad that the government was committed to creating favorable conditions for foreign investors to build the national economy.