Power policies, challenges, and recommendations of renewable resource assessment in Pakistan

Abstract

Pakistan is a developing nation that emphatically needs low cost energy resources to cope up with the economic growth. The major portion of energy is being generated by conventional methods. To generate energy through conventional methods is an expensive business that has direct impact on socio economic conditions corresponding to the rising of prices of energy in Pakistan. Another major implication of generation of energy by conventional source is increasing of circular debt that crossed Rs: 10 billion. The objective of this paper is to assess the potential of renewable energy resources and role of Government in policy formulation. The assessment showed that there is large availability of renewable energy resources. However, the formulated renewable energy policy does not have effect on the practical realization of renewable energy. This research study provides further insight owing to power policies, renewable energy transition and challenges of renewable energy policy facing in Pakistan. After potential assessment of renewable energy resources, the recommendations have been put forwarded that would help to promote renewable energy, as a key indicator in the sustainable growth and accelerating the energy transition to future energy perspectives of country.