Prime Minister Shauhbaz Sharif Greenlights 2,000 MW of Public Sector Solar Projects in Pakistan

Pakistan’s Prime Minister, Shehbaz Sharif, has approved plans to build 2,000 megawatts of solar power capacity in the country’s public sector. The move is aimed at generating low-cost, environmentally friendly electricity, as well as reducing the country’s reliance on costlier fuels that strain foreign exchange reserves. Sharif also stated that agricultural tube wells will be converted to solar electricity as soon as possible under the scheme, and that the government will provide sovereign guarantees to businesses participating in solar projects. An investor conference held on September 14th saw local and foreign investors, including those from Saudi Arabia, the United Arab Emirates, China, and Qatar, express interest in investing in the sector. Work on identifying suitable areas for solar power projects has already begun, with a 600MW solar power plant set to be built in Muzaffargarh and preparations being made for the construction of an 11KV solar-powered influent

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