ADB to help Punjab develop 2000MW solar energy

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STAFF REPORT LHR: As part of the central government initiatives to overcome the energy shortfall in the country, the Punjab government has forged a partnership with the Asian Development Bank (ADB) to develop 2,000MW of solar energy in the state within two years.

According to an official of the provincial government, the first solar project under the collaboration is expected to be completed within a year.

A delegation of ADB has recently held a meeting with Punjab Chief Minister Shahbaz Sharif in Lahore. During the meeting, the chief minister while welcoming the move in solar energy sector, urged that the projects should be concluded as soon as possible in a bid to narrow down electricity crisis in the state.

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He further added that load shedding caused huge damage to agriculture, industry and economy and the government has the only option to reduce energy crisis.

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ADB Senior Advisor Chin Fong noted that alongside solar energy, the bank would also extend its support in coal, biomass, biogas and hydro energy projects.

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