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Balochistan can become energy exporter, World Bank

by Web Desk
August 12, 2024
in Business
World Bank to provide $20 billion to Pakistan over 10 years, agreement to be signed on January 14, additional $20 billion private loan
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The World Bank says that Balochistan has huge potential for renewable energy that could turn the province into a major energy exporter.

This shift could greatly reduce Pakistan’s need to import energy, making a more sustainable energy future seem possible. A recent World Bank study highlighted the benefits of Balochistan’s use of renewable energy sources. is

If used efficiently, the province can export surplus energy to neighboring provinces and even other countries. This will help stabilize the energy grid and improve overall energy supply.

Balochistan is rich in solar and wind energy resources. Some areas of the province receive up to 2,500 kWh/m of solar energy, making it an ideal location for renewable energy projects.

As the province’s energy resources are well matched to electricity demand, investment in renewable energy in Balochistan can significantly change the region’s energy situation.

It can reduce power losses, increase financial stability and reduce annual losses by $500 million by 2028.

Tags: commissiongovernmentinternationalNationaltime line news
Web Desk

Web Desk

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