Investment in solar energy sector

Prime Minister Shehbaz Sharif has urged private and multinational companies to make full use of investment opportunities in the solar energy and renewable energy sectors in Pakistan. Speaking in a meeting with the 4-member delegation of Karachi Electric on Friday, the Prime Minister encouraged the investors of Karachi Electric to invest in the energy sector, especially in the solar energy sector, and directed that all the problems faced by Karachi Electric should be addressed on a priority basis. To be resolved, he said that private and international companies need to take advantage of investment opportunities in solar energy and renewable energy sectors in Pakistan. is giving priority to power generation and in this regard, steps are being taken to transfer the government buildings across the country to solar energy, meanwhile, to fulfill another condition of the IMF, 335 on electricity consumers. An additional burden of Rs By approving this, the federal cabinet has increased the hardships of the people by allowing a surcharge of 3 rupees 23 paise per unit of electricity. Along with commercial customers, K-Electric will also increase, but the average increase will be 2 rupees 63 paise per unit. In which the power company’s debt is Rs.1800 billion. It should be remembered that for the current fiscal year, the government has already imposed a burden of 76 billion rupees on electricity consumers from March to June, however, the IMF demanded that additional surcharge be imposed in the next fiscal year as well. The fact is that the continuous increase in electricity prices and especially the orders imposed by the IMF to impose unbearable surcharges on the consumers will not only increase the problems of the common man due to further increase in electricity prices but also increase the difficulties of electricity, oil and As a result of increase in gas prices, other necessities of life also become more expensive. After the interest rate has been increased to 20 percent in the country, the alarm bell has sounded for the factories and the closure of raw materials from foreign countries and the closure of four hundred factories in Khyber Pakhtunkhwa due to terrorism have been reported so far, while other industries in the country If data is collected about what is the situation in the centers, then the sobering facts can come out, as a result of which unemployment will increase further, but by now the situation will have touched the limits of dangerous results, continuous unemployment. How much will the rate of poverty increase and what will be the results of it? After war, they will be forced to take illegal measures because according to the principle of “Hunger cannot be conformed to the mold of manners”, when people fail to provide their children with halal means, lawlessness reigns in the society. The increase in daily robberies, thefts and street crimes is an indication of such situations. Alternative measures to reduce the circular waste also become inevitable and solar energy is a source of environment-friendly power generation in the country, which will not only reduce the cost of other power projects but also reduce load shedding. “Hydroelectricity Worldwide” Better results can be obtained from solar energy than generating expensive electricity from gas and oil, which will also reduce the load on the existing system. It is important to encourage solar energy projects and there are many investment opportunities in this sector, big investors and companies should go ahead in this sector and create opportunities not only for themselves but also for small investors and private owners. should also pay attention to this. In this regard, proper investment in making solar energy panels, developing batteries can be fully utilized, while the common people can put their buildings and houses on alternative solar energy power through easy loans. A huge amount of electricity can be generated in the country from It is hoped that private investors will be attracted in this direction and play their role in meeting the electricity needs of the country, however, there is a need for the government to take steps to provide special facilities in this regard.