Chinese Investment in Solar PV Plants in Pakistan Reaches $125 Million

  • by Sharoon Jan
  • 2 months ago
  • News
  • 1
Chinese Investment in Solar Pv Plants in Pakistan Reaches $125 Million

Currently out of the $144 million in foreign investment in Solar PV plants in Pakistan, $125 million is from China. Accounting for nearly 87% of the total 530 MW cumulative generation capacity in Pakistan. 400 MW (75%) is generated from Quaid-e-Azam Solar Park, the first-ever power plant capable of generating solar energy in Pakistan. Owned by the Punjab Government and built by China Tebian Electric Apparatus Xinjiang New Energy Co.

With 400,000 solar panels spreading over 200 hectares of flat desert, the plant was initially launched with a capacity of generating 100 MW of power for Pakistan. Since 2015, there has been the addition of 300MW power generation with 3 new projects. And there are numerous planned projects reported for the Quaid-e-Azam Solar Park by AEDB with a cumulative capacity of 1050MW according to the China Economic Net (CEN).

Chinese companies are also major suppliers to many PV projects in Pakistan. Such as Mini Solar grids in KP and ADB access to clean energy program.

The solar mini-grid stations in Jandola, Orakzai and Muhammad tribal districts are in the final stages of completion. And soon the business community will get uninterrupted, cheap, green, and clean energy.

Pakistan Solar Energy Market is expected to record a CARGR of 2.5% from 2022 to 2027.

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