Pakistan signs cost-effective, environment-friendly 360 MW wind power projects
ISLAMABAD: Prime Minister Imran Khan on Friday addressed the signing ceremony of ‘Super-6’, 360 MW Wind Power Projects in Islamabad.
“The conglomerate of six projects will produce power for less than five cents per unit, while the electricity we are purchasing from abroad costs us more than its double,” Imran Khan said on this occasion. He said it was clean and environment-friendly energy that was produced from wind.
He said global warming was an enormous challenge and Pakistan stood at number 8th country in the world going to be most affected due to global warming in the future as our glaciers were melting.
“The projects would be built at the cost of 450 million dollars and 320 million dollars would be provided by the World Bank in this regard,” he maintained.
PM Khan said the secret behind China’s success lied in long-term planning, while our misfortune lied in short-term planning. Short-term planning led Pakistan to produce the most expensive electricity from the cheapest electricity in the region, he added.
“The country cannot progress if wealth creation is not made,” he said.
Imran Khan said Pakistan had tremendous potential to generate hydro-electricity, but the previous leaders disregarded it and built overpriced power stations run on imported fuel fully realizing that in the future it could turn disastrous for the country.
He said China’s lifting 700 million people from poverty was nothing short of a miracle.
“I am thankful to my economic team that we have passed the critical phase and the market sentiment has turned positive. Never in the history of Pakistan a government has faced current account deficit equal to 20 billion dollars. Main indicators of the economy are improving now,” he said.
PM Khan said by Allah (SWT)’s grace Pakistan had set its direction right.