Balochistan has enormous variable renewable energy (VRE) potential which can electrify the province and help Pakistan in achieving the 30 percent VRE target, besides reducing the approximately $500 million annual losses by 2028, contributing to reducing the circular debt in the sector, says the World Bank.
The bank in its latest report, “Balochistan Renewable Energy Development Study”, stated that enhancing the grid capacity and expansion for developing VRE opportunities would reduce the country’s dependence on water availability for hydropower generation. It also will develop Balochistan’s economy and in the longer run, will reduce the cost of electricity for other provinces by more than $1 billion. Realizing VRE opportunities in Balochistan will reduce Pakistan’s need for electricity imports, it added.
