13.9 C
Berlin

Renewable energy holds potential for Pakistan’s future: PM

Prime Minister Muhammad Shehbaz Sharif of Pakistan on Tuesday said that the country’s future hinged upon the utilization of renewable energy as these alternate resources of energy could help generate inexpensive power, as reported by the Associated Press of Pakistan.

Prime Minister Muhammad Shehbaz Sharif of Pakistan meeting with Zonergy's delegation
Prime Minister Muhammad Shehbaz Sharif of Pakistan meeting with Zonergy’s delegation

During a meeting with a delegation of Zonergy Corporation, a Chinese company, the prime minister said the production of low priced-power would also remove the burden of price hike upon the general public.

He said that a major chunk of Pakistan’s import bill was being spent upon the import of costly fuel for power generation, and underlined that it was imperative to move towards the utilization of inexpensive energy which would also help in saving of precious foreign reserves.

He further informed that a pre-bidding conference on solar energy projects would be held in Islamabad on Wednesday.

On the occasion, the Zonergy Corporation delegation also presented a donation cheque for the PM Flood Relief Fund.

Zonergy delegation was led by its Chief Executive Richard J. Guo. Minister for Board of Investment Chaudhry Salik Hussain, Minister for Planning Ahsan Iqbal, Minister for Energy Engineer Khurram Dastagir, Minister for Law Azam Nazeer Tarrar, PM’s Special Assistants Dr Jehanzaib Khan, Zafaruddin Mahmood and Fahad Hussain.

The prime minister while appreciating Chinese support on the internal and external fronts said that China was the best friend.

He said that China Pakistan Economic Corridor (CPEC) was an extension of the Chinese flagship Belt and Road Initiative under which Chinese investment was made in the construction of infrastructure, industry and in different other sectors.

The 300MW Quaid-e-Azam solar power project in Bahawalpur was accomplished in a record period of time and the government was making efforts to promote investment in the renewable energy, especially in solar and wind energy.

SourceAPP

LEAVE A REPLY

Please enter your comment!
Please enter your name here

You Might Also Like

Key Energy 2023 Rimini | Zonergy High-performance Products Catch Eyes

Key Energy 2023 Rimini, the International Expo on Energy and Sustainable Mobility, was held from 22 to 24 March 2023 at the Rimini Exhibition...

Zonergy makes strong debut at Middle East Energy Dubai 2023, its booth flooded with visitors

Zonergy Corporation, a leading provider of residential energy storage systems and portable power supply products, made an impressive debut at the Middle East Energy...

Zonergy Corporation makes debut at Solartech Indonesia 2023

Zonergy Corporation, a leading provider of renewable energy storage solutions, made its debut at the Solartech Indonesia 2023 exhibition held at the Jakarta Convention...

TotalEnergies ENEOS to install rooftop solar for Singapore’s largest automotive hub

TotalEnergies ENEOS, a joint venture between TotalEnergies and ENEOS, has signed another rooftop solar installation with CARROS Centre, Singapore's largest freehold automotive hub. This is the second project...

Zonergy, M.I.C. reach agreements on cooperation in Europe

A strategic cooperation agreement was concluded by ZONERGY EUROPE SRL and M.I.C.SRL in Mantua, Italy on Oct. 20. Since the beginning of this year, ZONERGY...

Zonergy Europe teams up with Photonax, Maysun Solar in Hungary to explore Central European market

ZONERGY EUROPE SRL on Tuesday has signed cooperation agreements with Hungarian companies Photonax and MAYSUN SOLAR, which will be responsible for the distribution of Zonergy's...

Popular Posts

Module shipment ranking 2022: Top 10 manufacturers shipped 240 GW globally

In 2022, the top 10 Chinese manufacturers have shipped over 240 GW modules globally, up 60% and occupying over 90% of global demand, according...

Is solar module recycling really as attractive as it looks?

Since the first batch of modern module manufacturers were put into production around 2002, China has ranked first in the world in terms of...

China’s Yunnan takes special regulation on new energy production safety, may lead to slight impact on solar industry chain

China’s South Yunnan Provincial Emergency Management Department recently has issued the "Special Work Plan for the Safety Production Rectification of Enterprises in the Industrial...

JA Solar to ramp up 50 GW wafer cell

JA Solar announced on March 22 to expand the company's integrated production capacity with 20 GW of silicon wafers and 30 GW of cells...

Renewable energy achieved 9.6% growth despite energy crisis, set record high

By the end of 2022, the global installed capacity of renewable energy power generation has reached 3,372 GW, and the renewable energy stock has...

Mellow Energy announces first large-area perovskite solar module rollout

Mellow Energy, a perovskite solar module manufacturer in China, has announced that its first large-area (30 cm × 30 cm) perovskite solar module has...
Join Our Newsletter

Latest article

AikoSolar to complete 43.5GW cell module within the year

AikoSolar recently has released its annual report 2022, showing outstanding financial results, including significantly improved profitability and record high operating income and net profit,...

TCL Zhonghuan may rise and shine this year for grasping high-purity quartz

TCL Zhonghuan Semiconductor (Zhonghuan)'s net profit increased by 69% last year, but due to the high price of silicon materials, its advantages were not...

Why solar installation exceeds expectation in off-season?

In 2022, due to the impact of the pandemic and the high price of silicon materials, the domestic demand for solar installation was suppressed....

Is solar module recycling really as attractive as it looks?

Since the first batch of modern module manufacturers were put into production around 2002, China has ranked first in the world in terms of...

Upcoming Event

Solar Focus | Meet the Surging Solar Power Needs in Spain

On March 30, Solarbe Global will invite experts from S&P Global Commodity Insights, JA Solar and Aquila Capital to discuss the opportunities and challenges in solar PV deployment in Spain.