ADB supports 50MW Kazakhstan PV project, Siddiqsons applications for 100MW in Pakistan, ABB supplies 9MW Greece solar plant, Sonnedix refinances 32MW solar portfolio in France, Eni commissions solar water system in Angola.
Pakistan’s attempt to support manufacturing of solar and wind energy components through a five-year tax exemption is not enough and more incentives are needed to encourage such investments in the south Asian nation, according to the director of a local firm that is planning to set up its own domestic solar module assembly production facility.
Starting with a 250MW first phase factory by July next year, the director of Pakistan-based conglomerate ACT Group has said it should be able to sell PV modules to the customer's doorstep at equal to or cheaper than Chinese import prices.
The Islamabad Chamber of Commerce and Industry (ICCI), which represents more than 3,000 major industrial members in Pakistan, has called upon the government to focus more on renewable energy due to the benefits this would bring to the national economy.
EnerTech Quetta Solar (ETQSL), a unit of Kuwait government-owned company and renewables developer EnerTech, has applied for a generation licence for a 50MW solar PV project in the Balochistan Province of Pakistan, according to National Electric Power Authority (NEPRA).
The Sindh government aims to hold auctions for 400MW of solar parks, install 15MW of rooftop solar on public buildings and reach 250,000 households with solar home systems, having released a new environmental framework.
The Asian Development Bank (ADB) will provide a US$260 million loan to the Government of Pakistan to improve the country’s power transmission network and help offtake of power from new and renewable energy power projects.