- More investment in alternative energy can help bring benefits
- Good development, utilisation of solar energy are economically viable
Interview with Mr. Khalid Tawab — Chairman, Tawab Group of Companies
PAGE: Tell me something about yourself and your organisation, please:
Khalid Tawab: I am the Chairman of Tawab Group of Companies, a renowned name in the manufacturing of paper, board, and steel. I have served as the Senior Vice President and Vice President of FPCCI (Federation of Pakistan Chambers of Commerce and Industry) and the Karachi Chamber.
I have been the honorary Consul General of Mozambique since 1989. In recognition of my outstanding public services, I was awarded the Sitara-e-Imtiaz by the President of Pakistan in 2009. My company has received the FPCCI Exports Award twice and the International Asia Award once for the highest exports. I am also a philanthropist and a trustee of the Aiwan-e-Tijarat-o-Sanat Hospital. I have had the privilege of serving as a Minister in the caretaker government.
PAGE: What is your take on the success of renewables and alternative energy in Pakistan?
Khalid Tawab: The success of renewables and alternative energy in Pakistan has shown promising growth. Among the various renewable energy sources, solar energy stands out as the most popular choice. Sunlight is abundantly available and a free energy resource on our planet. In fact, the solar energy that reaches the earth’s surface in just one hour is more than what the entire planet requires in a year. However, the availability of solar energy varies based on factors such as time of day, season, and geographical location.
Considering the potential of solar energy, Pakistan should prioritise its development and utilisation. The government should take necessary steps to make solar energy more economically viable, ensuring that its installation and usage become affordable for the general public. By implementing policies that incentivize solar energy adoption and investing in research and development, Pakistan can accelerate the growth of its solar energy sector. In addition to solar energy, Pakistan should also explore other renewable energy sources such as wind energy, hydro energy, tidal energy, geothermal energy, and biomass energy. Each of these sources has its own advantages and suitability for specific regions within the country. A diversified approach that harnesses multiple renewable energy sources can contribute to a sustainable and reliable energy mix in Pakistan.
Overall, Pakistan has significant potential to achieve success in renewables and alternative energy. By focusing on making solar energy more accessible and exploring other renewable sources, the country can make significant strides towards a greener and more sustainable future.
PAGE: Could you tell us about the cost and benefits of solar energy?
Khalid Tawab: Solar energy is widely recognized as one of the most popular and abundant renewable energy sources available. Sunlight, as a resource, is abundantly available on our planet. In fact, the solar energy that reaches the Earth’s surface in just one hour is more than what the entire planet requires for a whole year. However, the practical utilization of solar energy is influenced by factors such as time of day, season, geographical location, and other variables.
The benefit of solar energy is numerous. Firstly, it is a clean and sustainable source of power, as it produces no harmful emissions during electricity generation. This makes it an environmentally friendly option, contributing to the reduction of greenhouse gas emissions and mitigating climate change. Additionally, solar energy is a decentralised energy source, allowing for localised energy production and reducing the strain on centralised power grids.
From an economic standpoint, the cost of solar energy has been decreasing over the years due to advancements in technology and economies of scale. The initial installation costs have become more affordable, and as solar panel efficiency increases, the overall cost per watt of solar energy has reduced. Furthermore, solar energy systems require minimal maintenance, leading to long-term cost savings.
In Pakistan, the government should take proactive measures to make solar energy more accessible and economically viable for the general public. This can be achieved through various mechanisms, including financial incentives, subsidies, and net metering policies. By implementing supportive policies and promoting solar energy adoption, the government can enable the common masses to afford solar energy installations and enjoy the benefits it offers.
In conclusion, solar energy is a highly promising renewable energy source. Its abundant availability, environmental friendliness, and decreasing costs make it an attractive option for supplementing energy usage.
Pakistan should focus on making solar energy more economical and accessible to ensure a wider adoption and reap the benefits of this clean and sustainable energy solution.
PAGE: What is your perspective about government incentives for alternative energy in Pakistan?
Khalid Tawab: As the global population continues to grow, the demand for energy to power our homes, businesses and communities also increases. In order to maintain a sustainable level of energy and mitigate the impact of climate change, it is crucial to prioritise innovation and expansion of renewable sources of energy.
Currently, renewable energy sources account for 26 percent of the world’s electricity generation, and according to the International Energy Agency (IEA), this share is projected to reach 30 percent by 2024. This presents a pivotal moment for renewable energy, and it is essential that the Government of Pakistan ensures affordability for the common masses.
Incentivising the adoption of alternative energy sources through government initiatives and policies is crucial for their widespread implementation. By providing incentives, such as financial support, subsidies, tax credits and favorable regulations, the government can stimulate investment in renewable energy projects and make them more accessible and affordable for the general public.
Furthermore, as the power demand continues to rise, we can expect to see a further increase in the number of renewable energy sources. This growth will contribute to economies of scale, driving down the prices of renewable energy technologies. This is not only beneficial for the environment but also advantageous for consumers, as it will lead to more competitive pricing and cost savings.
In conclusion, government incentives play a vital role in promoting alternative energy in Pakistan. By implementing supportive policies that ensure affordability and accessibility, the government can encourage the expansion of renewable energy sources and accelerate the transition towards a sustainable energy future. This will not only benefit the environment but also lead to long-term economic and social advantages for the country and its citizens.
PAGE: What is your standpoint about investment in the business of alternative energy technologies in Pakistan?
Khalid Tawab: Investment in the business of alternative energy technologies in Pakistan holds significant potential and benefits. Pakistan, like many other countries, is increasingly recognising the importance of transitioning to clean and sustainable energy sources to address environmental concerns, reduce reliance on fossil fuels, and promote energy security. By investing in alternative energy technologies, Pakistan can achieve several positive outcomes. Firstly, it can diversify its energy mix and reduce dependence on traditional sources, such as coal and oil, which are not only finite but also contribute to air pollution and greenhouse gas emissions.
Alternative energy technologies, such as solar, wind, hydro and biomass offer renewable and cleaner energy options. Investment in alternative energy technologies also has the potential to drive economic growth and job creation. The development, manufacturing, installation, and maintenance of these technologies require skilled labor, fostering employment opportunities and promoting local industries.
Additionally, a thriving alternative energy sector can attract foreign direct investment and create a favorable business environment for both domestic and international investors. Moreover, investing in alternative energy technologies aligns with global sustainability goals and demonstrates Pakistan’s commitment to mitigating climate change. This can enhance the country’s international reputation, attract partnerships and collaborations, and open up avenues for accessing international funding and grants aimed at supporting clean energy initiatives.
However, it’s important to consider certain challenges and factors when investing in alternative energy technologies. These may include initial capital costs, technological advancements, regulatory frameworks, infrastructure development, and ensuring a stable and supportive policy environment. Addressing these challenges requires collaboration between the government, the private sector, and relevant stakeholders.
In conclusion, investment in the business of alternative energy technologies in Pakistan can bring about numerous benefits, including environmental sustainability, economic growth, job creation, and global recognition. With the right policies, incentives, and collaborative efforts, Pakistan can unlock the full potential of alternative energy and pave the way for a cleaner, more resilient energy future.