S Korea plans to set up 300MW solar projects

Proposes to run Prime Minister’s House on solar power.


Our Correspondent May 02, 2012

South Korea has planned to invest in solar power projects to produce 300 megawatts of cheaper electricity.

Leading a delegation, Con­centrix Solar Chief Executive Officer Dr Choi Moon-sok said this in a meeting with Water and Power Minister Naveed Qamar here on Wednesday.

The CEO said the company would first set up a 50MW project in eight to 10 months and would be generating 300MW in three years. The projects will be both off-grid and on-grid and mostly will be established in Sindh.

In the beginning, he said, the Prime Minister’s House would be converted to solar power, which would be a gift from Korea to Pakistan. The PM House will run on solar power within three to four months and will be off-grid, backed by batteries, he added.

Chandka Medical College, Larkan and Civil Hospital, Hyderabad are already being shifted to solar technology with a Korean loan. Speaking on the occasion, Qamar encouraged investors to invest in solar projects as an upfront tariff will be announced soon.

In other incentives, the government has already exempted solar panels and other related equipment from sales tax and customs duty. It has initiated a solar water pumping project for the agricultural sector and introduced solar water heater with the help of donors.

Qamar assured the delegation that the government would support and facilitate Korean investors willing to pour money into solar power projects.

Published in The Express Tribune, May 3rd, 2012.

COMMENTS (3)

Interconnect Partners | 9 years ago | Reply

Dr Choi Moon-sok CEO setting up a 50MW project in eight to 10 months generating 300MW. Welcome to the sunny Pakistan with solar radiation all round. With the current international prices below 15 cents per kwh., and the relief which the Government has given in terms of duty, and sales tax I suggest you please put public hospitals in Sindh as Civil hospital Karachi, Jinnah Hospital Karachi which are already in process from a telemedicine network being connected with the country major public hospital for the general public and for free. This will be in compliance to CSR of your company, and would be tax deductible in Korea tax authorities. The electric utilities are also very keen in setting up grid stations in the city, as back up to load management. The possibilities and opportunities are un-limited to explore. Smart grid, and smart energy projects are important and you will find viable economic business partners duly refered by KOTRA office in Karachi which would not require any referrals to pass on the prices without any commissions, or incentives for the finders fee.

Cautious | 9 years ago | Reply

Sounds great but someone please explain why anyone would invest in power generation in a country notorious for not paying there utility or fuel bills.

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