PAKISTAN'S RENEWABLE ENERGY: $40 BLN
GULF TIMES - November 21 2019 - The government of Pakistan has announced that it will invite bids for setting up renewable energy projects in the country in a bid to tap the investment potential of $40bn.
In the new renewable policy, the government will abolish upfront tariff and replace it with competitive bidding to attract investors to enhance the share of renewable energy to 30% in the energy mix.
Speaking at a press conference, Federal Energy Minister Omar Ayub Khan unveiled the Alternative Energy Development Policy 2019, stressing that the…
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