‘Over 1,000 MW solar energy to be added in system shortly’

Sarfraz Ali 04:17 PM | 8 Mar, 2015
‘Over 1,000 MW solar energy to be added in system shortly’
ISLAMABAD (APP) - The government has planned to generate over 1,000 MW electricity from solar in near future adding that 100 MW will be generated from Quaid-i-Azam Solar Park (Phase-I).

Official sources told APP here that 300 MW and 600 MW would be generated from Quaid-i-Azam Solar Park (Phase-II) project and Phase-III respectively.

In a landmark decision the National Electric Power Regulatory Authority (NEPRA) has also approved the upfront tariff and adjustments/indexations for solar power generation for delivery of electricity to the power purchaser based on solar PV power plants.

The Solar energy is clean, environment friendly and renewable and also provides benefit of carbon credits. The overall cost of project and generation cost is very much competitive.

The sources said the per MW cost of solar power although higher in the beginning but subsequent decline in cost made it financially viable solution in the medium term.

Its installation was also easy and could play an important role for overcoming energy crisis, they said.

The sources said in Pakistan connecting far off villages to the national grid would be very costly, thus giving each house a solar panel would be cost efficient and would save investment in transmission lines and transmission losses.

The Alternative Energy Development Board (AEDB) had also initiated Solar Village Electrification Programme under Prime Minister's directive and 3,000 Solar Home Systems had been installed in 49 villages of district Tharparkar, Sindh.

Another 51 villages in Sindh and 300 villages in Balochistan had been approved for electrification using solar energy and would be implemented shortly.

The sources said that the AEDB in light of SRO 575(1)12006 had also issued duty exemption certificates for a large number of solar panels/solar modules to private sector companies for installation/generation of almost 64.57MW of energy in the country.

The AEDB had also issued tax exemption certificate for import of almost 16,715 units of Solar Water Heaters in the country. These heaters are deployed all over the country especially in Balochistan, Gilgit-Baltistan, Khyber Pakhtunkhwa and Northern Punjab.

Meanwhile, 24 Letter of Intents (LOIs) in solar energy had been issued for cumulative capacity of approximately 792.99 MW On-Grid Solar PV power plants.

Solar irradiation in Pakistan and India stand at 1,900 (kWh/m2), against China's 1,500 and Germany's 1,200.

Sarfraz Ali
Sarfraz Ali

The author is working as Editor Digital Media for Daily Pakistan and can be reached @ItsSarfrazAli.


Today's currency exchange rates in Pakistan - Dollar, Euro, Pound, Riyal rates on March 30, 2023

KARACHI - Following are the foreign currency exchange rates for US Dollar, Saudi Riyal, UK Pound Sterling, U.A.E. Dirham, European Euro, and other foreign currencies in Pakistan open market on March 30, 2023 (Thursday).

Source: Forex Association of Pakistan. (last update 09:00 AM)

Currency Symbol Buying Selling
US Dollar ‎USD 283.6 286.65
Euro EUR 305.5 308.5
UK Pound Sterling GBP 348 351.5
U.A.E Dirham AED 77 77.7
Saudi Riyal SAR 75.5 76.3
Australian Dollar AUD 187.5 189.9
Bahrain Dinar BHD 753.99 761.99
Canadian Dollar CAD 206 208.2
China Yuan CNY 41.25 41.65
Danish Krone DKK 41.26 41.51
Hong Kong Dollar HKD 36.11 36.46
Indian Rupee INR 3.45 3.56
Japanese Yen JPY 2.15 2.22
Kuwaiti Dinar KWD 925.67 934.67
Malaysian Ringgit MYR 62.85 63.45
New Zealand Dollar NZD 175.57 177.58
Norwegians Krone NOK 26.33 26.63
Omani Riyal OMR 736.34 744.35
Qatari Riyal ‎QAR 77.92 78.62
Singapore Dollar SGD 209.5 211.5
Swedish Korona SEK 26.5 26.8
Swiss Franc CHF 308.25 310.75
Thai Bhat THB 8.28 8.43

Today's gold rates in Pakistan – 30 March 2023

KARACHI - The price of a single tola of 24-karat gold in Pakistan is Rs 207,700 on Thursday.The price of 10 grams of 24k gold was recorded at Rs178,070.   

Likewise, 10 grams of 22k gold were being traded for Rs163,624 while a single tola of 22-karat gold was being sold at Rs 190,880.

Note: The gold rate in Pakistan is fluctuating according to the international market so the price is never been fixed. The below rates are provided by local gold markets and Sarafa Markets of different cities.

City Gold Silver
Lahore PKR 207,700 PKR 2,470
Karachi PKR 207,700 PKR 2,470
Islamabad PKR 207,700 PKR 2,470
Peshawar PKR 207,700 PKR 2,470
Quetta PKR 207,700 PKR 2,470
Sialkot PKR 207,700 PKR 2,470
Attock PKR 207,700 PKR 2,470
Gujranwala PKR 207,700 PKR 2,470
Jehlum PKR 207,700 PKR 2,470
Multan PKR 207,700 PKR 2,470
Bahawalpur PKR 207,700 PKR 2,470
Gujrat PKR 207,700 PKR 2,470
Nawabshah PKR 207,700 PKR 2,470
Chakwal PKR 207,700 PKR 2,470
Hyderabad PKR 207,700 PKR 2,470
Nowshehra PKR 207,700 PKR 2,470
Sargodha PKR 207,700 PKR 2,470
Faisalabad PKR 207,700 PKR 2,470


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