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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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11 Apr, 2023
Shams Power registers Pakistan’s first project with I-REC
Shams Power registers Pakistan's first project with The International REC Standard Foundation (I-REC Standard Foundation). Shams Power has navigated through the detailed process of registering its solar power projects to claim Renewable Energy Certificates. Pakistan has registered its first device at an unprecedented pace, demonstrating the potential for the RECs market. The I-REC Standard Foundation...
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13 Dec, 2022
A Commercial Solar Guide for Businesses who want to switch to Solar
Theoretically, most people can easily comprehend how solar PV cells generate energy. When sunlight shines on the solar panel, PV cells absorb it to create an electric charge. However, when it comes to getting a solar system, especially on a commercial scale, many doubts and questions may arise. For example: Are solar panels economically beneficial?...
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