Enigin Update - Energy Efficiency will help Pakistan’s with $35 Billion Power Bill
PAKISTAN’S energy sector will be required to invest $35 billion to meet the increasing demand for energy over the next four years.
A paper prepared by the Pakistani Planning Commission (PC) revealed that energy demand is expected to increase to over 25,000 MW by 2014-15, leading the paper to also predict the need for the huge investment to fulfill the extra demand.
The PC suggest in the paper that the country will be unable to finance such a huge amount, and hence there is a call for the private sector to provide the needed investment.
According to the paper, there is a tremendous potential to increase the power supply by improving energy efficiency, in other words by plugging energy leaks and using the existing power well, more capacity will thus be released to the grid. The PC estimate the savings from energy efficiency could be at least 18 percent of the country’s current total energy consumption.
Added to the savings in energy demand, financial savings are also substantial. According to Pakistan’s National Energy Conservation Centre (ENERCON), annual energy savings of up to 25 percent are possible across all sectors, which equates to $3 billion annually, plus reducing oil imports by 51 percent.
The Pakistan government is now going to enact an energy efficiency framework law covering provisions for codes, standards, energy reporting, labeling, testing, mandatory audits, fines and incentives, monitoring, and compliance mechanisms.
Enigin Distributors are helping organisations from all sectors to reduce their energy demand and costs through improving their energy efficiency by using technology and solutions from Enigin.
Picture of Faisal Mosque and hazy Islamabad skyline by Geoaxis under Creative Commons license.
