ISLAMABAD: The Alternative Energy and Development Board (AEDB) is drafting policy measures under which the regulations have been relaxed to encourage the local private companies to manufacture solar panels and related equipment in order to promote the use of green and clean energy and effectively meet the country’s increasing need for energy.
Fahim Ahmed, Electrical Engineer at the AEDB, told WealthPK that the RFP (Request for Proposal) document is almost complete and is expected to be released by the end of November.
Private companies will be invited to submit bids for renewable energy (RE) production under the RFP. Developing privately owned projects to produce renewable energy is a significant initiative to address the country’s energy crisis.
Explaining the criteria for participation in the bidding process, Fahim said only those companies could join that would be able to produce renewable energy and feed it to the national grid. All the companies would be bound by the NEPRA conditions. After meeting these conditions, the companies that win the projects can produce renewable energy privately.
