ISLAMABAD
\nThe Pakistan Industrial and Traders Association Front (PIAF), while stressing the need for establishment of renewable projects in the country, has said that the hydle projects initially suffered because of the Covid-19 outbreak in China that affected mobilization and was followed by lockdowns in Pakistan and subsequent standard operating procedures for operations of transport and factories in the country.
\nPIAF senior vice chairman Nasir Hameed and vice chairman Javed Siddiqi called for early removal of the hindrances to avoid delay, as the execution of major hydel power projects might get delayed if impediments were not addressed immediately.
\nNasir Hameed warned the government of the impediments including land acquisition, financial flows, Covid-19, and emerging security scenario, causing delays and cost escalations to the Diamer Bhasha and Mohmand Dams, affecting the timeliness set for completion of the projects.
\nHe reiterated the demand of speedy completion of hydel projects as early as possible. He said that the resettlement issue was required to be resolved to the satisfaction of the people while the relocation of Karakoram Highway, a part of which was very critical for construction activities.
\nMoreover, the financial flows were also the issue that required to be focused on to ensure that recovery plans to compensate for the lost timelines.
\nJaved Siddiqi said that renewable energy sources including water, wind and solar were getting key focus on the global level as they were sustainable sources of energy at affordable cost. He said the installed capacity of solar and wind power across the world have witnessed over 5000 percent and over 650 percent increase respectively, but in Pakistan due attention has not been paid to this important source of energy as yet despite the fact that our economy has suffered huge losses due to energy shortage.
\nHe called upon the government to focus on renewable energy as the country has tremendous potential to generate power through these sources. The renewable energy would bring multiple benefits to the economy as it would reduce cost of doing business, promote industrialization, encourage investment, create plenty of new jobs and enhance exports.
\nHe also urged the government to allocate adequate funds for construction of more reservoirs in the upcoming budget, as new dams are needed for Pakistan, not only to generate cheap electricity but also to avert the threat of food security, he said. The policy makers will have to understand that the economic growth lies in the construction of water reservoirs which are a cheap source of electricity, he added.
\nThe government will have to create consensus for early construction of water reservoirs, he said, adding that the rising population could create severe food security challenges in near future. We need to build water reservoirs including Kalabagh dam as it will bring a huge part of land under cultivation which is currently lying idle due to lack of water, he said.
\nPakistan needs to feed the ever growing population and the only solution to overcome this challenge is to build the Kalabagh dam, he said.
\nHe said that being an agrarian economy, Pakistan cannot afford to waste huge amounts of water resources which are depleting fast. Shortage of water has not only caused undue damage to the agriculture sector but the manufacturing sector is also affected by this phenomenon.<\/p>\n","protected":false},"excerpt":{"rendered":"
ISLAMABAD The Pakistan Industrial and Traders Association Front (PIAF), while stressing the need for establishment of renewable projects in the country, has said that the hydle projects initially suffered because of the Covid-19 outbreak in China that affected mobilization and was followed by lockdowns in Pakistan and subsequent standard operating procedures for operations of transport […]<\/p>\n","protected":false},"author":2,"featured_media":140257,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[5],"tags":[1364,447,5994],"class_list":{"0":"post-255526","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-business","8":"tag-establishment","9":"tag-piaf","10":"tag-renewable-projects"},"yoast_head":"\n