Engineering Post Report
The Federal Government has already approved the Policy for the development of Alternate and Renewable Energy (ARE2019) which states the guiding principles and incentives for increasing the share of ARE in power generation .
As per the important decision of the incumbent federal government, the ARE policy is being extended to Gilgit-Baltistan (GB)and Azad Jammu and Kashmir (AJK) in due course of time and it will be implemented on fast rack basis across the country in order to increase the share of renewable as per the targets envisaged in the policy.
All the future development projects in the Power Sector accordingly are to be governed by the Integrated Generation Capacity Expansion Plan and least cost principle for generation prioritization.
All inefficient and loss making power plants of state-owned GENCOs of low efficiency need to be closed down in phases and only efficient power plants should be run on merit.
Competitive markets are to be established from single buyer- model to multi-player model. In this regard, the regulator i.e. NEPRA is to be made capable of managing a competitive , multi-player market.
Power dispatch will be done by the National Power Control Centre in consultation with Central Power Purchasing Agency (Guarantee) in a transparent manner under the active watch and directives of the regulator i.e. NEPRA.