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PPAF completes around 1,000 projects so far, wins global award

09:34 PM | 26 Nov, 2018
PPAF completes around 1,000 projects so far, wins global award
ISLAMABAD - Pakistan Poverty Alleviation Fund (PPAF) has brought a global recognition for Pakistan, winning a prestigious 2018 Energy Institute (EI) Award, for its 'Community-Managed Solar Energy Mini Grid Systems'.

The award acknowledges the impact of 60 solar mini-grid systems installed in districts Swabi, Karak and Lakki Marwat of Khyber Pakhtunkhwa (KPK) by the Fund during the period - 2016 to 2017.

The solar grid systems were installed with funding from the German Ministry of Economic Cooperation and Development (BMZ) through the German Development Bank (KfW).

Recognizing achievement, sustainability, and innovation, the Energy Institute Awards run annually and are aimed at recognizing efforts of businesses and individuals globally, taking initiatives to combat energy issues, through offering unique and unprecedented sustainable solutions to benefit communities.

This year, there were over 120 entries for EI Awards from across 29 countries. PPAF demonstrates a strong commitment towards mitigating challenges of global climate change, through leading way in
renewable energy and enabling access to modern, affordable, reliable and sustainable energy resources.

More than 1,000 projects have been completed over a period of 15 years, starting off in 2003. The projects included the development of mini-hydroelectric plants, decentralized solar lighting and solar home systems, wind energy projects, solar-wind hybrid systems, solar water pumping projects, and biogas plants.

The projects are being implemented via funding from the World Bank, United States Department of Agriculture (USDA), and the German Ministry of Economic Cooperation and Development (BMZ). PPAF with funding of 10 million Euro, through KfW, is implementing Hydropower and Renewable Energy (HRE) project which focuses on clean energy and supports economic progress in communities through enterprise development, impacting lives of at least 13,000 individuals.

Five micro and mini hydropower projects with cumulative capacity of 803 kW, ranging from 36 kW to 306 kW in Chitral, Buner and Upper Dir districts and 68 Solar Lighting Systems (SLS) with cumulative capacity of 500 kW in Lakki Marwat, Karak and Swabi districts of Khyber Pakhtunkhwa are being implemented by PPAF and its partner organizations.

Economic competitiveness largely depends on reliable, safe and sustainable energy supply, not only for strategic economic growth but also for the improvement of social infrastructure.

PPAF, along with its development partners, is taking initiatives to help counter energy shortfall and water resource management threat in Pakistan.

Chief Executive Officer (CEO) of PPAF, Azmat Isa said renewable energy is one of the most effective tools we have in the fight against climate change.

PPAF recognizes the importance of renewable energy for sustainable development, diversification of energy supply, preservation of the environment and economic growth.

Implementation is not only needed at the national level for policy decisions but also at the global level for greater environmental impact.

The author is working as Editor Digital Media for Daily Pakistan and can be reached @ItsSarfrazAli.

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Currency Rates in Pakistan Today - Pakistani rupee to US Dollar, Euro, Pound, Dirham, and Riyal - 23 April 2024

Pakistani currency remains unchanged against US Dollar and other currencies on April 22, 2024 Monday in open market.

USD to PKR rate today

US dollar was being quoted at 277.5 for buying and 280.5 for selling.

Euro stands at 293 for buying and 296 for selling while British Pound hovers at 342.25 for buying, and 345.65 for selling.

UAE Dirham AED was at 75.20 and Saudi Riyal's new rate was at 73.30. 

Today’s currency exchange rates in Pakistan - 23 April 2024

Currency Symbol Buying Selling
US Dollar USD 277.5 280.5
Euro EUR 293 296
UK Pound Sterling GBP 342.5 346
U.A.E Dirham AED 75.2 75.9
Saudi Riyal SAR 73.3 74.05
Australian Dollar AUD 181 182.8
Bahrain Dinar BHD 740.55 748.55
Canadian Dollar CAD 201 203
China Yuan CNY 38.47 38.87
Danish Krone DKK 39.78 40.18
Hong Kong Dollar HKD 35.53 35.88
Indian Rupee INR 3.33 3.44
Japanese Yen JPY 1.86 1.94
Kuwaiti Dinar KWD 903.11 912.11
Malaysian Ringgit MYR 58.08 58.68
New Zealand Dollar NZD 164.22 166.22
Norwegians Krone NOK 25.61 25.91
Omani Riyal OMR 723.2 731.2
Qatari Riyal QAR 76.45 77.15
Singapore Dollar SGD 204.5 206.5
Swedish Korona SEK 25.31 25.61
Swiss Franc CHF 305.47 307.97
Thai Bhat THB 7.56 7.71

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