Pakistan is struggling to overcome mounting debt, as well as the destruction caused by flooding last month. Pursuing green energy appears to be one path to reach their goal of economic stability.
Wind and solar-powered projects, considered renewable, clean and green sources of energy, carry no fuel costs in power tariffs with significantly lower cost of power production. Independent Energy Expert, Ammar Khan believes that these solutions can also help Pakistan carve a path leading out of circular debt. “Since renewable energy projects don’t use any fuel, an increase in the number of green projects will help the country gradually take control of the burgeoning circular debt and capacity payments as well,” he said.
We’re looking forward to seeing Pakistan embrace clean energy.