Pakistan’s government has proposed to eliminate taxes associated with the manufacturing of solar and wind energy equipment in the country, in an effort to boost the production and use of renewable power and overcome power shortages.
Dr. Najeeb Ullah, leading the research at the university, said, “We are launching our production and will deliver our first order for generating 2MW power very soon”.
The panels being used for power generation costs around Rs. 60 per watt. We will produce AAA quality power panels which will bring the production cost to Rs. 48 per watt and eventually to Rs. 10 per watt,” declared Dr. Najeeb.
“Currently, Pakistan generates 6 percent of the total power from wind and solar projects, however, the solar panels used to generate energy are imported and are not as effective as the ones developed by the university’s Center for Advanced Studies in Energy”, Dr Najeeb Informed.
Pakistan can earn billions of dollars by exploiting its $6 trillion minerals deposits
Former president of the SAARC Chamber of Commerce and Industry, Iftikhar Ali Malik, stated on Tuesday that Pakistan could comfortably...
