• Skip to primary navigation
  • Skip to main content
  • Skip to primary sidebar
  • Skip to footer
Trending:
  • Kashmir
  • Elections
Monday, June 29, 2026

Daily Times

Your right to know

  • HOME
  • Latest
  • Iran-Israel war
  • Gilgit Baltistan Election
  • Pakistan
    • Balochistan
    • Gilgit Baltistan
    • Khyber Pakhtunkhwa
    • Punjab
    • Sindh
  • World
  • Editorials & Opinions
    • Editorials
    • Op-Eds
    • Commentary / Insight
    • Perspectives
    • Cartoons
    • Letters to the Editor
    • Featured
    • Blogs
      • Pakistan
      • World
      • Lifestyle
      • Culture
      • Sports
  • Business
  • Sports
  • E-PAPER
    • Lahore
    • Islamabad
    • Karachi

APP

Renewable energy only viable solution to fulfill cheap electricity demand, says Energy Minister

Published on: June 26, 2021 7:27 PM

FAISALABAD: Punjab Minister for Energy Dr Muhammad Akhtar Malik has said that only renewable energy is a viable solution to meet the demands of cheap electricity.

He was talking to the media during the inaugural ceremony of a solar project at the University of Agriculture Faisalabad (UAF) on Saturday. He also laid the foundation stone for establishment of a solar plant of 2-MW at UAF in addition to inaugurating the retrofitting at UAF Solar Park.

The minister said that retrofitting was completed at UAF with an estimated cost of Rs 71.99 million under which 7,466 energy efficient fans and 20,723 LED lights were installed and the project will save Rs 35 million annually.

He said that a 2-MW solar plant will provide cheap electricity to the university at a half rate as compared to the electricity price currently charged by FESCO.

The minister said that under visionary leadership of Prime Minister Imran Khan and under supervision of Chief Minister Punjab Sardar Usman Buzdar, 43 public sector universities in Punjab are being solarized to save more than Rs 1 billion annually.

He said that all District Headquarter (DHQ) hospitals of the province as well as Tehsil Headquarters (THQ) hospitals, basic health units (BHUs), primary, elementary, high and high secondary schools will also be shifted on solar energy gradually.

He said that the 100-MW solar park is being set up in Layyah district in collaboration with Chinese and Pakistani companies which will provide cheap and environment-friendly electricity at half rate as compared to the power price of Quaid-e-Azam Solar Park established by the previous government.

He said that the governments not only wasted billions of rupees by making illegal payments to the power companies in terms of capacity charges but also made anti-people agreements by the year 2030 to pay trillions of rupees from the pockets of the poor nation.

However, the PTI government managed to save billions of rupees as a result of successful negotiations with power companies; he said and revealed that the Energy Department had saved Rs 2.4 billion during the last three years by implementing best policies.

He said that local resources were being utilised instead of importing furnace oil worth $17 billion due to prudent decisions of the PTI government.

The minister added that the Punjab Thermal Power Plant of 1263-MW is being set up at Head Trimmu which will soon add cheap electricity to the national grid. The present government has invested Rs 115 billion in the power sector through which not only cheap electricity of thousands megawatts will be generated but the power companies will also be paid in Pakistani rupees instead of dollars.

UAF Vice Chancellor Dr Anas Sarwar Qureshi said that UAF is right on track with the motto of “Clean and Green Campus”. He said that UAF is focusing on energy savings and shifting on renewables to cut down its dependency on main grid.

Provincial Minister for Culture and Colonies Mian Khayal Kastro, Provincial Minister for Punjab Chief Minister Inspection Team Muhammad Ajmal Cheema, Members of Assembly Mian Waris Aziz, Shakeel Shahid, former Provincial Minister Ashraf Sohna and others were also present.

 

Filed Under: Pakistan, Top Stories Tagged With: cheap electricity, Punjab energy minister, renewable energy

Submit a Comment




Primary Sidebar




Latest News

Ford brings back veteran engineers to strengthen vehicle quality

FIA expands probe into alleged human organ smuggling network

PM Shehbaz mourns Saudi helicopter crash

Ghanaian witch doctor predicts Cape Verde shock against Argentina

PM to lead Pakistan delegation to Iran on July 2

Pakistan

FIA expands probe into alleged human organ smuggling network

PM Shehbaz mourns Saudi helicopter crash

PM to lead Pakistan delegation to Iran on July 2

Govt orders arrests of illegal Afghan nationals

Strawberry Moon to dazzle Pakistan skies with stunning orange glow

More Posts from this Category

Business

SBP announces bank holiday across Pakistan on July 1

Pakistan records highest-ever fuel prices

Toyota global vehicle sales decline for fourth straight month

Gold prices fall again by Rs2,300 in Pakistan

Oil prices rose after renewed US-Iran strikes disrupted shipping through Strait of Hormuz

More Posts from this Category

World

Ford brings back veteran engineers to strengthen vehicle quality

Cricket set for historic Olympic return after 128-year absence

Australia tightens social media rules for Big Tech companies

More Posts from this Category




Footer

Home
Lead Stories
Latest News
Editor’s Picks

Culture
Life & Style
Featured
Videos

Editorials
OP-EDS
Commentary
Advertise

Cartoons
Letters
Blogs
Privacy Policy

Contact
Company’s Financials
Investor Information
Terms & Conditions

Facebook
Twitter
Instagram
Youtube

© 2026 Daily Times. All rights reserved.

Manage Consent
To provide the best experiences, we use technologies like cookies to store and/or access device information. Consenting to these technologies will allow us to process data such as browsing behavior or unique IDs on this site. Not consenting or withdrawing consent, may adversely affect certain features and functions.
Functional Always active
The technical storage or access is strictly necessary for the legitimate purpose of enabling the use of a specific service explicitly requested by the subscriber or user, or for the sole purpose of carrying out the transmission of a communication over an electronic communications network.
Preferences
The technical storage or access is necessary for the legitimate purpose of storing preferences that are not requested by the subscriber or user.
Statistics
The technical storage or access that is used exclusively for statistical purposes. The technical storage or access that is used exclusively for anonymous statistical purposes. Without a subpoena, voluntary compliance on the part of your Internet Service Provider, or additional records from a third party, information stored or retrieved for this purpose alone cannot usually be used to identify you.
Marketing
The technical storage or access is required to create user profiles to send advertising, or to track the user on a website or across several websites for similar marketing purposes.
  • Manage options
  • Manage services
  • Manage {vendor_count} vendors
  • Read more about these purposes
View preferences
  • {title}
  • {title}
  • {title}