ISLAMABAD, May 14 (APP): As many as 27 companies had been awarded power generation licenses having accumulative capacity of 1591MW during fiscal year 2020-21.
Official sources told APP here on Saturday that four generation licenses were granted to hydropower plants for accumulated capacity of around 294MW, 18 licenses to solar power plants for 49MW, two licenses to Bagasse/Biomass Power Plants for 47MW, one license each to Nuclear Power Plant with capacity of 1145MW, 55MW coal-based power plant and 350kW hybrid (solar+biogas) power plant during the said period.
The main purpose to induct new capacity was to displace the costlier electricity, they said.
They said the induction of new power generation capacity through different technologies was a big challenge in consideration of energy security vis-à-vis cost-effectiveness.

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