Energy sector needs $155b investment until 2030: Report

64

Pakistan’s energy sector needs investments ranging from US$62 billion to US$155 billion until the 2030, according to a report titled “CAREC Energy Outlook 2030”, recently released by the Asian Development Bank (ADB).

The energy investment needs until 2030 vary with estimates ranging from $62 billion to $155 billion. The most significant investments are required in the power generation and energy efficiency sectors because of the rapidly growing demand and low baseline efficiency, the report added. One of the objectives of this report is to present a detailed overview and analysis of future energy market trends in Pakistan. For this purpose, three areas were developed considering the country’s regulatory framework, technological development and consumer preferences.

The three areas include business-as-usual (projected energy supply and demand, with current energy system and policies), government commitments (projected energy supply and demand, considering individual priorities of the Government of Pakistan) and green growth (projected energy supply and demand, considering enhanced energy transition and environmental policies).—NNI