ASIL has signed a contract with Renewable Power Private Limited for installing a 2.25 megawatt solar power project at its production facility located at Port Qasim Authority, Karachi.
Grid power across Africa does not meet nations' needs and a variety of solar companies are seeking to fill the gap. In Nigeria, Africa's most populous nation and largest economy.
"We have seen a more than fiftyfold increase in power-as-a-service revenue over the last two years.
The envoy also indicated that approximately $1.5 billion of credit line for export credit facility remains largely unused and urged Pakistani projects to utilize it more.
WB study was of the view that Pakistan has tremendous potential to generate solar and wind power; utilizing just 0.071 percent of the country’s area for solar photovoltaic (solar PV) power generation would meet Pakistan’s current electricity demand.
China has been stripping new solar power projects of subsidy after a record 53-GW capacity increase in 2017 left the state with a payment backlog now in excess of 200 billion yuan ($28.70 billion).
FIEDMC and Power China JEPCC have signed a memorandum, which aims to facilitate setting up of a 700MW solar power plant for M3-Industrial City and Allama Iqbal Industrial City.