They said the corridor has potential twice of India and other sites in Balochistan, Punjab, and Northern Area which are being identified for power generation. The sources said Pakistan has amongst the world highest and fastest rising urbanization and electricity is available to only 57 per cent of the population while natural gas to 21 per cent. Only 45 per cent of rural population have access to grid electricity and there is extreme shortage of electricity and gas leading to load shedding.
The countrys economic growth is also suffering due to load shedding of gas and power, leading to closures of industries, they added. They said the total installed and dependable capacity of the countrys power sector is 20,231 MW. Giving breakup, they said 11,735 MW could be get from public sector while 8,496 MW from private sector.
By switching to alternative energy means, we can reduce dependence on imported oil, running into billions dollars and undermining economic development, they observed. It is pertinent to mention that USA has wind power installed capacity of 25,170 MW, Japan 1,880 MW, India 9,645 MW, Greece 985 MW, Egypt 365 MW, Iran 85 and Pakistan 6 MW. The government had set up AEDB in 2003 for implementing policies programmes and projects through private sector in the field of alternative energy.