PM @ImranKhanPTI address at #ClimateAction has been interpreted in a most inaccurate manner, due in principle to the fact that his statement regarding the future of #CoalPower in 🇵🇰 is vague. Some diplomats, like @ukinpakistan, also got it wrong. Here’s a quick explainer:
(1/n) https://twitter.com/AlokSharma_RDG/status/1337782163647979520
Currently, developers are constructing 4 project for 2,640 MW of *NEW* coal power capacity which will be connected to the 🇵🇰 grid by 2022. There’s no going back on these projects unless the @PakPMO is willing to bear the cost of damages to the respective IPPs’ sponsors.
2/n
Another two new #CoalPower projects of 630 MW capacity have been issued letter of support by the 🇵🇰 government and their sponsors, namely CIHC Pakistan and Siddiqsons Energy, are busy in arranging finance for those projects. These projects are planned to complete by 2023.
3/n
Another interpretation that 🇵🇰 will have no power based on coal, as suggested by @AlokSharma_RDG, is completely incorrect. The country will have about 10,000 MW of #CoalPower fleet by 2023 from ZERO in 2015. The 🇵🇰 gov’t has signed ‘take or pay’ contracts of 30-year duration!
4/n
Unfortunately, it’s clear that a) 🇵🇰 will expand its #CoalPower capacity in the next few years and b) rely heavily on coal power plants for many, many years to come. @PakPMO speech at #ClimateAction will have negligible impact.
(5/5)
cc: @AlokSharma_RDG @ukinpakistan @DKinPK
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