ISLAMABAD: The government plans to increase the country’s power generation capacity by almost 300 percent in the next 20 years to 111,000 megawatts.
And phase out almost all of the existing thermal power plants to meet rising energy demand at affordable costs.
The goal has been set to 111,000 megawatts compared to the existing 29,000 MW.
The plan is to add 17,300 MW capacity by 2025 and another 8,600 MW in the next five years.
The current installed capacity.
- 3,000 MW from coal-based plants
- 9,700 MW from hydropower plants
- 20,000 MW from thermal plants
- 1,345 MW from nuclear plants
- 1,900MW from renewables
Three different economic growth scenarios
- 4.5% GDP growth rate – 65,100 MW to generate 370,500 GWh
- 5.5% GDP growth rate – 80,500 MW to generate 458,000 GWh
- 7% GDP growth rate – 111,000 MW to generate 630,500 GWh
The move is part of the Indicative Generation Capacity Expansion Plan (IGCEP) 2018-40 finalized by the National Transmission and Despatch Company.
In consultation with all the federal and provincial agencies and private sector consultants to ensure the low-cost development of future projects.
And to comply with the regulator’s Grid Code obligations.
The IGCEP 2018-40
Represents the first complete iteration of an integrated planning exercise for the power sector of the country.
And will be revised every year on the basis of ground realities including growth trajectory, consumption patterns.
And completion or delays in projects to ensure regulatory compliance.
Thermal plants will be phased out in 20 years
From 2021-22 and onward, solar and wind power will be developed in blocks of 400 MW and 500 MW respectively.
The plan aims to gradually phase out the thermal power plants in the next 20 years. According to an estimate, 9,000 MW oil-based plants will be phased out.
1,320 MW Oracle Thar-Based plant and high annual cost projects like Chiniot, Kaigah, Tungas, Yalbo, and Basho haven’t been included in the report.
The targets have been set keeping in view the local resources including renewables and Thar coal in the South and hydro potential in the North.
According to the projected figures for 2040, 98,091 MW capacity would meet the 80,425 MW peak load demand, ensuring a significant surplus of 17,600 MW.