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01 Apr, 2024
Navigating the path to clean energy with Wind vs. Solar Energy
Pakistani businesses or organizations that are considering switching to renewable energy should compare wind and solar options to see which works best for them. Evaluating the impact and effectiveness of these renewable sources is crucial in determining which best aligns with Pakistan's ambitious environmental objectives. This evaluation goes beyond a simple comparison; it involves scrutinizing...
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21 Feb, 2024
Solar Firms Say Raising Finances for Projects ‘Most Difficult’
There are incentives as well as monetary benefits to do the right thing for the planet by opting for renewables such as solar energy. However, solar companies say the biggest issue they face is accessing financing to induct solar installations as part of their energy requirements. “Banks are not willing to finance off-balance sheet solar...
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14 Feb, 2024
HOW TO GET SOLAR WITH NO INVESTMENT COSTS
Pakistan’s Commercial and Industrial Sector relies heavily on non-renewable power sources such as diesel and coal to fulfil their electricity needs. However, the non-renewable energy is costly and non-sustainable when it comes to handling daily operations. Furthermore, the low-reliability issues and heavy carbon emissions concerns make it a non-desirable choice, especially for those businesses who...
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23 Jan, 2024
USAID Signs MoU With Three Firms
ISLAMABAD: The United States Agency for International Development (USAID) on Monday signed a memorandum of understanding (MoU) with three Pakistani firms aimed at raising $53 million foreign direct investment within the next 9-12 months. The MoU was signed during the “Investment and Climate Summit”, organised by the USAID under its Investment Promotion Activity (IPA). The...
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17 Jan, 2024
GuarantCo and Bank Alfalah provide Shams Power with a PKR 1.5 billion (c. USD 5.2 million) finance solution to invest in small solar plants in Pakistan
GuarantCo and Bank Alfalah provide Shams Power with a PKR 1.5 billion (c. USD 5.2 million) finance solution to invest in small solar plants in Pakistan GuarantCo, part of the Private Infrastructure Development Group (PIDG), and Bank Alfalah have provided Shams Power with a PKR 1.5 billion (c. USD 5.2 million) finance solution to support...
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24 Aug, 2023
Solar Power as the way forward to Tackle Energy Crises
Pakistan has primarily relied on non-renewable energy sources, particularly oil and gas, to satisfy its energy needs. Back in 2013, coal used to be the cheapest energy source, and Pakistan's energy infrastructure was based around coal-powered power plants. Due to the depletion of domestic reserves and price hikes in the international market, coal has become...
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