Punjab government signed the cheapest ever solar power project in history of Pakistan

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Punjab government signed the cheapest ever solar power project in history of Pakistan

ISLAMABAD - The government of Punjab has signed an agreement for the generation of the cheapest solar power in the history of Pakistan. The deal was inked on Thursday, under which private investors will set up a 100 MW solar power plant in Layyah district with a tariff of only 3.7 cents.

Punjab Chief Minister, Sardar Usman Bazdar, and Federal Minister for Energy, Omar Ayub Khan, were the chief guests at the signing ceremony of the agreement between the Punjab Power Development Board, Alternative Energy Development Board, and Zhenfa Pakistan New Energy Company. ------------------------------

While addressing the signing ceremony, Usman Buzdar said that Punjab has higher energy requirements than other provinces due to its population and developing economy. Cheapest Energy Project

Buzdar said that the Punjab government is trying to get all the energy needs from its own resources under the Constitution of Pakistan. According to him, about 70% of the country’s electricity generation is used in Punjab.

Punjab pays 82% of the total revenue of the country from electricity.

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CM Punjab lamented that the former government installed expensive power projects, which put a burden on the people. The PML-N government had signed a similar energy contract in Punjab at 14.1 cents per unit.

Unlike in the past, our government is moving towards sustainable sources of affordable electricity.

The Chief Minister said that schools, colleges, universities, primary health centers, and other government buildings will be shifted to solar power in phases. He noted that the work to shift 950 basic health centers in Punjab to solar energy is underway.