For the socio economic development of Pakistan there is no disagreement that we have to accept obvious challenges of encouraging sustainable development in the field of Renewable Energy inclusive of Solar and Wind Energy Projects. This will create an impact of marching towards indigenous energy production, this is Charter of Energy said ateeq ur rehman (economic & financial analyst).
We are highest tax paid energy consumers in the world. To overcome this problem we have to draw integrated mechanism for secure investors, they should feel comfortable for their investments and their returns are being save guarded in the growth of a number of Wind and Energy projects.
They problem is that Wind & Solar projects are getting expensive due to rise in prices of the equipments globally. International inflation has got its effect on such investments, too. Renewable Energy is facing a big hit due to such international inflationary conditions. Project developers should not get discourage rather government should design mechanism where tax holidays and other incentives are available to them and they are very well compensated. The objective is to get cheaper energy by renewable means like Wind and Solar said ateeq.
He added that there is dire need of coordination among different departments of energy sector. The solution is transmission, dispatch and distribution sectors should coordinate among each other.
We have to solve our energy problems and reduce the cost / tariff by professionally working for wind & solar energy.The companies working for Wind & Solar projects surely needs encouragement by Federal and Provincial Governments, which includes cheaper land on Wind and Solar Corridors.
