{"id":62860,"date":"2020-03-19T10:00:00","date_gmt":"2020-03-19T05:00:00","guid":{"rendered":"https:\/\/www.zameen.com\/news\/?p=62860"},"modified":"2020-03-19T10:01:25","modified_gmt":"2020-03-19T05:01:25","slug":"saudi-company-invest-usd-4-bn-balochistans-energy-sector","status":"publish","type":"post","link":"https:\/\/www.zameen.com\/news\/saudi-company-invest-usd-4-bn-balochistans-energy-sector.html","title":{"rendered":"Saudi company to invest USD 4 bn in Balochistan&#8217;s energy sector"},"content":{"rendered":"\n<p>Islamabad: ACWA, a Saudi power production company, recently announced its decision to invest USD 4 billion in Balochistan\u2019s renewable energy sector, a news source reported. <\/p>\n\n\n\n<p><strong>Read<\/strong>: <a href=\"https:\/\/www.zameen.com\/news\/saudi-arabia-launch-winter-relief-programme-pakistan.html\" target=\"_blank\" rel=\"noreferrer noopener\" aria-label=\"Saudi Arabia to launch winter relief programme in Pakistan (opens in a new tab)\">Saudi Arabia to launch winter relief programme in Pakistan<\/a><\/p>\n\n\n\n<p>The sources revealed that generating low-cost electricity, utilising indigenous renewable energy resources including wind and <a href=\"https:\/\/www.zameen.com\/news\/ten-universities-run-solar-energy-punjab-governor.html\" target=\"_blank\" rel=\"noreferrer noopener\" aria-label=\"solar power (opens in a new tab)\">solar power<\/a>, and converting waste to energy biomass was among the government\u2019s top priorities. <\/p>\n\n\n\n<p>The sources further stated that that the Alternative Energy\nDevelopment Board (AEDB) was seeking to develop alternative and renewable\nenergy-based projects with the help of private investors on Independent Power\nProducer (IPP) mode. The board has pursued these projects under the Renewable\nEnergy Policy 2006. <\/p>\n\n\n\n<p>Additionally, the sources discussed that the country had made significant progress in exploiting the wind, solar, and biomass\/bagasse potential available locally. They added that several power generation projects based on these <a href=\"https:\/\/www.zameen.com\/news\/use-alternate-energy-sources-reduce-electricity-bills-ayub.html\" target=\"_blank\" rel=\"noreferrer noopener\" aria-label=\"resources (opens in a new tab)\">resources<\/a> were already operational, and many others were in the pipeline. <\/p>\n\n\n\n<p><strong>Read<\/strong>: <a href=\"https:\/\/www.zameen.com\/news\/saudi-arabia-explore-more-investment-avenues-gwadar.html\" target=\"_blank\" rel=\"noreferrer noopener\" aria-label=\"Saudi Arabia to explore more investment avenues in Gwadar (opens in a new tab)\">Saudi Arabia to explore more investment avenues in Gwadar<\/a><\/p>\n\n\n\n<p>The incumbent government has already formulated a new\nAlternative Renewal Energy Policy 2019, the sources said. They revealed that\nthis policy aimed to increase the share of alternative energy in the country\u2019s\nenergy portfolio to 20% by 2025 and 30% by 2030. <\/p>\n","protected":false},"excerpt":{"rendered":"<p>Islamabad: ACWA, a Saudi power production company, recently announced its decision to invest USD 4 billion in Balochistan\u2019s renewable energy sector, a news source reported. Read: Saudi Arabia to launch winter relief programme in Pakistan The sources revealed that generating low-cost electricity, utilising indigenous renewable energy resources including wind and solar power, and converting waste to energy biomass was among the government\u2019s top priorities. The sources further stated that that the Alternative Energy Development Board (AEDB) was seeking to develop alternative and renewable energy-based projects with the help of private investors on Independent Power Producer (IPP) mode. The board has pursued these projects under the Renewable Energy Policy 2006. Additionally, the sources discussed that the country had made significant progress in exploiting the wind, solar, and biomass\/bagasse potential available locally. They added that several power generation projects based on these resources were already operational, and many others were in the pipeline. Read: Saudi Arabia to explore more investment avenues in Gwadar The incumbent government has already formulated a new Alternative Renewal Energy Policy 2019, the sources said. They revealed that this policy aimed to increase the share of alternative energy in the country\u2019s energy portfolio to 20% by 2025 and&hellip;<\/p>\n","protected":false},"author":68,"featured_media":62868,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[15012],"tags":[23363],"persona":[],"class_list":{"0":"post-62860","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-allied-industries","8":"tag-details-on-saudi-company-to-invest-usd-4-bn-in-balochistans-energy-sector","9":"cat-15012-id"},"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.2 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>Saudi company to invest USD 4 bn in Balochistan&#039;s energy sector - Zameen News<\/title>\n<meta name=\"description\" content=\"ACWA, a Saudi power production company, recently announced its decision to invest USD 4 billion in Balochistan\u2019s renewable energy sector.\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.zameen.com\/news\/saudi-company-invest-usd-4-bn-balochistans-energy-sector.html\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Saudi company to invest USD 4 bn in Balochistan&#039;s energy sector - Zameen News\" \/>\n<meta property=\"og:description\" content=\"ACWA, a Saudi power production company, recently announced its decision to invest USD 4 billion in Balochistan\u2019s renewable energy sector.\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.zameen.com\/news\/saudi-company-invest-usd-4-bn-balochistans-energy-sector.html\" \/>\n<meta property=\"og:site_name\" content=\"Pakistan Real Estate News &amp; 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