ISLAMABAD: Minister for Power Omar Ayub Khan on Monday said the government was taking various measures to provide affordable and reliable energy to consumers.
“Efforts are underway to reverse the energy mix, enhance renewable energy and improve electricity transmission system,” Omar Ayub said while addressing a seminar in Islamabad.
He said the government had set the target of reversing the current energy mix of 60 percent imported fuel and 40 percent indigenous resources to 70 percent indigenous resources and 30 percent imported fuel by 2030.
The minister said the government planned to increase share of renewable energy to 20 percent by 2025.
He said electricity transmission system was being upgraded and the government had set the target of transmitting 26,000 megawatts of electricity by next summer.
Omar Ayub Khan said nuclear energy resources were also being exploited.
He said a mechanism was being developed for early redress of consumer complaints.
The minister said energy sector had a vast potential of 80 billion dollars investment, and multinational companies were showing interest to invest in it.
He emphasised on adopting latest technology in energy sector to ensure fast-track development.
Omar Ayub Khan said the PTI government was working for wellbeing of people by ensuring meritocracy and transparency.
On Sept 12, the federal minister for power Khan has said Pakistan wanted to take benefit from the energy sources of Uzbekistan especially the huge gas reservoirs.
He had said this while talking to Ambassador of Uzbekistan Furqat Sidiqov who had called on him in Islamabad. During the meeting, Pakistan and Uzbekistan agreed to form the Joint Working Group on energy.
“Both the countries have shared values and are tied in Islamic brotherhood which needs to be further cemented by boosting the existing economic cooperation between the two countries,” Omar Ayub had said.