ISLAMABAD: Speakers at a consultative group meeting on energy efficiency and conservation here on Thursday highlighted that Pakistan needs $14.5 billion investment in the energy sector in 10 years.
Sponsored by the Asian Development Bank (ADB), the conference was informed that Pakistan offers huge potential for investment in fuel and electricity sector.
The experts also said that the regulator has to improve fuel efficiency in both the public and private sectors.
Bayanjargal Byambasaikhan, ADB energy expert, highlighted the concept of energy efficiency investment programme (EEIP) of $1.20 billion for Pakistan for 8-10 years.
The programme is being financed by the ADB, French official aid and the government of Pakistan.
‘Energy efficiency is the quickest and cheapest way for Pakistan to reduce the electricity demand–supply,’ he said and added that conservation of electricity and gas through energy efficiency saves equivalent to the total generation capacity of 6,770 MW.
For more on this article, please click on the following link: $14.5bn investment needed in energy sector: Dawn
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