business

May 8, 2016

Gilgit-Baltistan’s hydropower potential to resolve energy crisis

KARACHI: The country’s apex trade body on Saturday said the hydropower potential of Gilgit-Baltistan, estimated at 50,000 megawatts, can resolve chronic energy crisis and save billions of dollar currently spent on oil import for power generation.  President Abdul Rauf Alam of the Federation of Pakistan Chambers of Commerce and Industry , in a statement, said thermal energy is costly, while hydropower offers the cheapest source of energy for the long-term and permanent solution to...