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

The Sindh government is collaborating with the World Bank to set up renewable energy projects in solar and wind equipment, aiming to protect the environment from greenhouse gases and Pakistan from recurrent natural disasters.

Speaking at a seminar titled ‘Significance of Renewable for Karachi & Export Industry: Cost of Inaction’, Director of Alternative Energy for the Sindh Government, Mehfooz Qazi, stated, “The Sindh government will invest $100 million in renewable energy projects in collaboration with the World Bank.”

Around 300 megawatts (MW) of electricity will be generated with World Bank funding, which will include wind and solar power, he said at the summit organised by Renewables First in collaboration with PRIDE (Policy Research Institute for Equitable Development) in Karachi on Thursday.

The government of Sindh is working to set up 500 MW solar power projects, 400 MW hydrogen power projects, and waste-to-energy projects, Qazi said.

These environmentally friendly power projects are the need of the time to save the country from natural disasters, he said, adding that they are also good sources of providing low-cost energy, which is another requirement of the time in Pakistan, which has been fighting against high inflation for the past couple of years.

Read more: https://tribune.com.pk/story/2458025/sindh-govt-world-bank-to-invest-100m-in-renewables