British company interested in producing energy from waste in Punjab
A British company has expressed its interest to make an investment in waste-to-energy (WTE) projects in Punjab.
A British delegation called on Punjab Energy Minister Dr. Akhtar Malik. The representative of the foreign company told the minister that the company was willing to invest $15-20 million initially.
Members of the British company said that they had approached the Punjab government in the past. But they failed to develop the interest of previous rulers. They said that now they have full confidence in Pakistan Tehreek-e-Insaf (PTI) government.
Minister’s Response to the British company:
Members of the foreign company were appreciated by the minister. The minister highlighted the need to develop the unconventional method to overcome energy crisis in the country.
“Such initiatives will help to reduce environmental pollution and provide clean and green energy”
The Minister further assured that provincial government would provide all-out support to materialize this investment.
He further said:
“The government will provide one window facility and land for installation of the project.”
The Minister asked the foreign company to invite their technical experts for further discussion.
Pakistan’s first WTE generation license:
The National Electric Power Regulatory Authority (NEPRA) had already issued Pakistan’s first WTE generation license to a Chinese company. It is referred to as ‘Lahore Xingzhong Renewable Energy Company Limited’.
According to the NEPRA, successful implementation of the first WTE would help to pave the way for some initiatives:
- Pressing waste disposal problems
- Address challenges of limited space for landfills
- Gas emissions
The project will help to reduce municipal solid waste by 2,000 tonnes a day to generate electricity.
In July, an upfront tariff of $10.007 cents per kilowatt-hour for WTE projects had announced by the authority. It is based on an operational period of 25 years with an overall capacity cap of 250MW.
The authority had fixed a 24-month construction period for such power plants. Power producers will obtain necessary approval from relevant government agencies.
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