In a strategic move under the China Pakistan Economic Corridor (CPEC), Pakistan is poised to revolutionize its energy landscape by prioritizing key projects. The aim is to diversify energy sources, steering away from costly options like gas and residual fuel oil (RFO). Anticipated results indicate a noteworthy shift, with the combined contribution of wind and solar energy projected to surge from 5% in 2013 to an impressive 10% by 2022.
Sources from the Chinese Embassy disclosed that in 2013, a substantial 57% of Pakistan's electricity was derived from gas and RFO. However, with the completion of vital energy initiatives under CPEC, this heavy reliance is expected to plummet to just 25% in 2022. This transformative optimization of the energy structure promises increased stability in the country's energy supply, coupled with significant foreign exchange savings resulting from reduced gas and RFO imports.
Details of the plan reveal a comprehensive approach to diversification. Domestic coal is slated to play a more substantial role, increasing from a mere 0.14% of total energy production in 2013 to an estimated 9.08% in 2022. Likewise, nuclear energy is set to see a rise from 4% to 7%, while 12% of the country's energy demand will be met through imported coal. Additionally, energy production from bagasse is expected to climb from 1% in 2013 to 2% in 2022.
While these advancements paint a promising picture for sustainable energy, there are adjustments expected in the hydel production, forecasted to decrease from 33% in 2013 to 25% in 2022.
The Embassy sources highlighted the successful completion of seven energy projects under CPEC, boasting a collective capacity of 3,240MW in just three years. These projects, including the Dawood Wind Power Plant, Pakistan Jhimpir UEP Wind Power Plant phase-I, Sachal Wind Power Project, Zonergy Solar Project, Port Qasim Coal-Fired Power Project, Sahiwal Coal-Fired Power Plant, and Three Gorges Second Wind Power Project, have already contributed 11% to Pakistan's total electricity generation.
In essence, Pakistan's journey towards sustainable and diversified energy sources is well underway, setting the stage for a greener and more energy-efficient future.