The Prime Minister approved the Integrated Generation Capacity Expansion Plan (IGCEP) 2024–34, a long-awaited 10-year roadmap for Pakistan’s power sector. The plan is expected to save $17 billion through rescheduling and cancellation of 7,967 MW of planned projects.
Core objectives of this plan include:
- Availability of affordable and reliable electricity
- All new projects included in the plan have been selected based on the minimum-cost principle.
According to the plan,18 projects totalling 7,017 MW, including strategic hydropower projects such as Dasu and Mohmand Dams will be given importance. Priority has been given to 7,987 MW of projects based on indigenous resources —hydropower, solar, nuclear, and wind — to reduce dependency on imported fuels like coal and natural gas, thereby saving billions in foreign exchange annually.
PM Shahbaz Sharif approves 10 year Integrated Generation Capacity Expansion Plan (IGCEP) 2024–34 plan