The Asian Development Bank has said that Pakistan is facing serious problems such as revolving credit in the energy sector and that the country needs 155 billion dollars of investment in that sector.
The Asian Development Bank’s Central Asia Economic Cooperation and Energy Outlook ReportThe report states that Pakistan has transmission and distribution problems in the energy sector. The energy sector in Pakistan is dependent on imported fuel due to a lack of exploration.
Pakistan has the capacity to produce 3.0 tera watts of electricity from alternative energy sources. Since 2015, the production of electricity from alternative energy sources has been decreasing in Pakistan.
In 2019, local oil production in Pakistan was 40 million tons. The Asian Development Bank report said that a gradual decrease in annual gas reserves is being seen in Pakistan. It is importing tonnes of coal.There are about 3 billion tonnes of coal reserves in Pakistan.
