• Sunday, October 02, 2022

Business

Solar scale-up in Pakistan struggles after payments slashed

Pakistan’s Cholistan Desert

By: Eastern Eye Staff

AN effort to boost large-scale solar energy production in Pakistan has hit a roadblock after the government cut the rate it pays for solar electricity, frustrating investors. Pakistan’s Punjab province government set up the 100-megawatt Quaid-e-Azam Solar Park in the Cholistan desert in March 2015 as a pilot project to lure foreign investment for an additional 900 megawatts of power. Zonergy Limited, a Chinese-owned firm, then agreed to invest $1.5 billion to produce the power, with a promise to complete the work by June 2016. But last December, Pakistan’s National Electric Power Regulatory Authority (NEPRA) reduced the amount the country…

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