While the addition of renewables is a step to lower the generation cost in the country, it requires more holistic planning and strategic government intervention to effectively lower the cost of electricity for end consumers, said MoonisAlvi CEO K-Electric while speaking about KE’s plans to have a 30% share of renewable energy in its future generation mix.
Alvi shared these remarks as part of the 2nd Pakistan Climate Conference hosted by the Overseas Investors Chamber of Commerce & Industries. “If you create an overall generation mix for the country that is based on renewable energy and diverse beyond solar it could lower the overall cost of electricity as well.
However, capacity payments remain a contributor towards higher tariffs for end users. This ought to be financed through tax revenue generation across the board which can greatly complement our efforts to bring affordability to electricity,” said Alvi.
A large number of people from the business community, trade bodies, academia, NGOs and social sector organizations attended the conference and congratulated OICCI for brining the best global talent to one table and discuss the important issue.
