Budget 2023-24: 682MW additional power to be generated from solar
- By Aleem Malik -
- Jun 09, 2023
ISLAMABAD: In order to address energy-related issues, the federal government has planned to generate an additional 682MW of electricity from solar energy in the upcoming federal budget for FY2023-24, ARY News reported.
According to the budget document available with ARY News, the coalition government has set a target of electricity generation of 43,318MW in the FY2023-24 budget.
Rs205.38 billion have been proposed to be allocated for the power sector in the federal budget 2023-24.
The budget document further says the government has planned to add 1,782MW of cheaper electricity in the upcoming fiscal year to provide relief to the masses.
In FY2023-24, the government has planned to add 682MW from solar energy, 100MW from wind, 245MW from hydroelectricity, 660MW from imported coal and 32MW from biogas.
Read more: Federal Budget 2023-24: Ishaq Dar to present Finance Bill today
Later in the day, Finance Minister Ishaq Dar will present the federal budget for the next fiscal year with a total outlay of Rs 13,800 billion.
Sources indicated that the budget 2023-24 size will exceed Rs13,800 billion, while the budget deficit is expected to be more than Rs6,000 billion, with expenses of Rs7,300 billion allocated to pay debt.