K-Electric (KE) has issued a call to action for startups and educational institutions to address Pakistan”s energy challenges.

According to the spokesperson of K-Elecgtric, the KE is urging innovators to devise new ideas and technologies to meet the increasing electricity demand. This initiative is part of a broader strategy to enhance the sustainability of the energy sector, focusing on developing adaptable systems for society, the economy, and the environment.

Pakistan”s dependency on imported fuel and technology costs the nation over $25 billion annually, comprising nearly 30% of its total import bill. This reliance exposes Pakistan to global market volatility and political tensions.

Experts suggest localizing the energy sector through domestic industry development and resource utilization. The Alternative Energy Development Board (AEDB) projects that a shift towards renewable energy could generate over 100,000 jobs by 2030.

Technological innovation is crucial for this transition, with advancements like smart grids and battery storage already reshaping the global energy scene. For Pakistan, embracing these innovations could modernize its energy grid, mitigating the current 17% energy loss due to inefficiencies.

An example of fostering local innovation is KE’s Energy Progress and Innovation Challenge (EPIC) 2025, which aims to tackle issues like electricity theft, costing the sector Rs590 billion annually. The challenge offers cash prizes and mentorship to develop solutions, including tamper-proof loadshedding systems and AI-driven electricity demand forecasting.

However, Pakistan”s transition is hindered by limited investment in research and development, currently less than 0.3% of GDP. Despite significant renewable energy potential, including a solar capacity of 2.9 million megawatts, Pakistan faces challenges in maximization. Experts advocate for improved policies, increased R and D funding, and enhanced collaboration between universities, businesses, and the government.

A skilled workforce is also pivotal, necessitating updated educational programs to align with the latest energy technologies. By prioritizing local innovation, akin to strategies in China, India, and Brazil, Pakistan can lessen foreign energy dependency, stimulate economic growth, and enhance environmental sustainability. EPIC 2025 exemplifies that with appropriate investments and partnerships, Pakistan can leverage local talent to drive substantial changes in its energy sector.