Pakistan

World Bank Advises Pakistan to Invest in Solar and Wind Energy

World Bank Solar Wind

World Bank advises Pakistan to invest in solar and wind energy stating that alternative sources of energy can help save Pakistan $5 billion.

In a report of the World Bank, it has been emphasized that Pakistan should start acting upon the achievement of solar and wind energy as this will be a must for the future energy needs of the country.

According to the report, Pakistan will be in a position to obtain 30% solar and wind energy out of total energy needs by 2030. This alternative source of energy will not only be helpful to control the emission of greenhouse gases rather, in the next five years, but the country would also be saving $5 billion.

Read more: AEDB CEO suggests solar power as Pakistan is among the best solar zones

Najy Benhassine, the country director of World Bank said that Pakistan will get immediate and long-term atmospheric advantages through these substitute sources of energy. He said that for the production of cheap and dependable sources of energy, World Bank is ready to help Pakistan.

Report of the world banks emphasized that Pakistan is in urgent need of planning for long term energy. Dependence on coal energy should be minimized. To avoid the vicious circle of load shedding, it is required to start work on the alternative sources of energy. Work on the transmission system is also of vital importance on the most urgent basis.

The Managing Director of National Transmission and Dispatch Company, Dr. Khwaja Riffat Hassan has also commented that Pakistan’s more dependence on solar and wind energy has the solution to many of its problems.

Pakistan has the coastal line of Sindh which has abundant sources of wind up to 20GW electricity generation potential. The electricity, produced in this way will not only fulfill the energy needs of Sindh rather the electricity may also be supplied to the rest of the country.

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