Renewable energy can be delayed, but it can’t be stopped
The Ministry of Energy (Power Division) has issued a policy order recently which has drawn severe criticism from some renewable energy stakeholders as well as Sindh and Khyber-Pakhtunkhwa.
The policy order is based on decisions of the Cabinet Committee on Energy. Following are the main points carried in a circular issued on January 5.
- Competitive bidding will be held for solar, wind, hydro and bagasse projects irrespective of the location or status.
- All resource risks (wind speed, hydro, etc) have been shifted to the developer/seller.
- The project life for renewables has been reduced to 15 years instead of the existing 25 years.
Published in the Express Tribune, 22nd January, 2018