Sindh govt and World Bank to invest $100m in renewables

Sindh govt and World Bank to invest $100m in renewables

The Sindh government is teaming up with the World Bank to launch renewable energy projects in a bid to move towards sustainable energy. With an investment of $100 million, the collaboration aims to generate 300 megawatts of electricity from solar and wind sources. The initiative is part of an effort to combat greenhouse gases and protect Pakistan from recurring natural disasters.

At a seminar titled ‘Significance of Renewable for Karachi & Export Industry: Cost of Inaction,’ Mehfooz Qazi, Director of Alternative Energy for the Sindh Government, highlighted the importance of these projects. He mentioned that the government plans to establish 500 MW solar power projects, 400 MW hydrogen power projects, and waste-to-energy projects.

Qazi emphasized the need for environmentally friendly power projects, not only to address the country’s vulnerability to natural disasters but also to provide low-cost energy in the face of high inflation. The Sindh government has devised a policy to offer affordable land for alternative energy projects and is already procuring a significant amount of energy from such sources.

Collaborating with K-Electric, the Sindh government is actively involved in alternative energy projects. K-Electric, a private energy firm based in Karachi, has set up wind energy projects in the Gharo wind corridor.

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