Renewable energy share to be increased to 20% by 2025: Omar Ayub

ISLAMABAD, Pakistan: The Federal Minister for Power Omar Ayub Khan has said that the government plans to increase share of renewable energy to 20 percent by 2025.

While addressing a Seminar in Islamabad on Monday, Omar Ayub said that the government is taking various measures to provide affordable and reliable energy to consumers.

Omar Ayub said that efforts are underway to reverse the energy mix, enhance renewable energy and improve electricity transmission system. He said that the government has 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 40 percent imported fuel by 2030.

The minister said that electricity transmission system is being upgraded and the government has set the target of transmitting 26,000 megawatts of electricity by next summer. He said that nuclear energy resources are also being exploited.

The power minister said that a mechanism is being developed for early redress of consumer complaints.

The Minister said that energy sector has a vast potential of $80 billion investment, and multinational companies are showing interest to invest in it. He emphasized on adopting latest technology in energy sector to ensure fast-track development.