A recent study reported by The News International highlights Pakistan's pressing need to build power plants within specified deadlines and adopt cheaper power sources due to a projected 48% surge in electricity demand over the next decade. The study, titled 'Powering Pakistan,' conducted by the Policy Research Institute for Equitable Development (PRIED) and Renewables First, emphasizes the necessity to address the financial burden posed by existing power plants and the urgency of integrating additional capacity into the national grid.
The study further highlights the Indicative Generation Capacity Expansion Plan (IGCEP) as a comprehensive document outlining the timeline and capacity targets for new power plants. However, it also raises concerns about constraints on renewable energy projects and the risk of constructing expensive and inefficient power plants without proper planning. Transparency in the power planning process is deemed crucial to avoid costly decisions and alleviate the burden on the people of Pakistan, ultimately ensuring a more sustainable and affordable electricity future.
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