Power Policy Alternative and Renewable Energy.

This policy outlines a comprehensive strategy to boost renewable energy development by setting clear targets for renewable energy share, encouraging competitive bidding, simplifying regulations, and prioritizing indigenous manufacturing and local content. It emphasizes on reducing reliance on expensive energy sources, adjusting tariffs, and enhancing regulatory frameworks with proactive support from the Alternative Energy Development Board (AEDB). Public utilities are guided to procure energy via competitive bidding, government-to-government arrangements, or unsolicited proposals under strict conditions, while private utilities follow specified procurement modes. Fiscal incentives, carbon credits, and stronger provincial roles are also incorporated to ensure smooth and coordinated implementation.
For non-utility procurement, the policy promotes decentralization through municipal empowerment, off-grid solutions, captive power, wheeling, and net metering, supported by simplified, low-cost regulatory frameworks and fiscal benefits. A strong focus is placed on developing local manufacturing capacity by phasing out duty exemptions for imported consumer products while allowing duty-free imports for production plants. The policy also sets up mechanisms for industry oversight, defines fee structures, and stresses achieving cost savings, all aiming to create a sustainable, affordable, and resilient renewable energy sector in the country. The text consists of 5 Parts.