Policy Formulation Clause Samples

Policy Formulation. 16. The Government is committed to RE sector development. Drafting of a new policy framework - named the Policy for Development of Renewable Energy in Pakistan (RE Policy) - has been completed and was submitted to the Cabinet for its approval. At the federal level, this RE Policy has been developed by AEDB, the apex body charged with promoting RE This policy framework will be converted into a comprehensive RE Policy with an action plan. The Government has requested ADB TA support work on the refinement and execution of this RE Policy. 17. RE development plans are also part of a roadmap – RE Development Road Map (REDRM). This highlights major sectoral investments and reform milestones to be achieved over the period of 2005 to 2015. The REDRM presents a clear and comprehensive package of investments and changes in several areas, including regulatory, legislative and financial. It also makes provisions for investment incentives, private sector participation, better and more transparent procedures for bids and contract awards, governance and fiduciary oversight. The REDRM calls for (i) an appropriate policy and regulatory framework, (ii) investments and (iii) capacity building. 18. The capacity development approach includes (i) institutional strengthening of focus agency - AEDB, (ii) strengthening of other relevant agencies, and (iii) due diligence assistance and efficient reporting systems. At the provincial level, NWFP and Punjab have already developed new power generation policies and put in place the right incentives to promote the development of RE including small to medium hydropower in the provinces. Sindh and Balochistan Provinces are in the process of developing their own RE policies to promote wind and solar energy development, respectively. AEDB has received 13 proposals to develop 180 MW wind power in Sindh province and recently the Government has approved 9.4 US cents/kWh tariff for these wind farms.