NEPRA gives nod for clean energy proposals
RETs can contribute towards achieving a clean environment and are also cost-effective. PHOTO: FILE
The National Electric Power Regulatory Authority (Nepra) has granted approval to two of the three Requests for Proposals (RFPs) submitted by K-Electric (KE) for the addition of renewable energy to its power generation capacity.
“These approvals are a milestone in KE’s strategic plan to integrate renewable energy into its operations, thereby, contributing to a cleaner and more sustainable energy future,” said KE in a statement.
Under the approved RFPs, KE will install solar projects within its territory, aligning closely with the commitment to diversify the generation mix with renewable energy resources.
Read Pakistan, Denmark discuss green energy
KE CEO Moonis Alvi emphasised the importance of these approvals, saying, “As we strive towards the goal to incorporate at least 30% renewables into our fleet by 2030, the approval of these RFPs by Nepra serves as a cornerstone of our ambitious plan. The impending commencement of the installation process signifies a tangible step forward in the journey towards a greener energy ecosystem.”
“With the necessary regulatory approvals, KE is poised to initiate the implementation phase promptly,” he said, adding that the initiative underscored the commitment to sustainability and environmental stewardship, while also contributing to the broader national agenda of transitioning towards clean energy resources.
Published in The Express Tribune, March 5th, 2024.
Like Business on Facebook, follow @TribuneBiz on Twitter to stay informed and join in the conversation.