Step taken to promote use of alternate energy sources. PHOTO: FILE
According to Roznama Express, the importers can bring in the power plants after presenting a clearance certificate from the Alternative Energy Development Board (AEDB).
Earlier, the Punjab government allocated 5,000 acres of land in Cholistan for a solar energy project. Around 1,000 acres had already been given to two companies from Germany and the United States for their solar power projects.
The German renewable energy company, CAE, plans to invest more than Rs12.9 billion in setting up the first solar panel manufacturing facility in Pakistan, and the second of its kind in Asia.
The CAE is owned by four partners, one of whom is Pakistani national Shahzada Khurram. The other three are Renier Kertess (German), Anton Josef Hotz (Swiss), and Luigi Tassell (Italian).
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Its never too late to do a good thing!! Government is doing more and more to promote use of solar energy.
Finally a positive step towards energy creation by the government. Presently, solar panels just to run the lights and fans of a decent sized house cost about a million. This should bring the initial costs significantly down.
Too little too late