The
Government envisions overcoming the severe energy crisis through application of
renewable energy especially solar energy technologies. The Government in
accordance with the Federal Policy for Development of Renewable Energy
2006(Revised in 2009) Framework and various other general, fiscal and financial
incentives has initiated work to foster renewable energy generation.
Pakistan
with high solar irradiation, especially in southern Punjab, makes solar
technology a phenomenal response to the power crisis that currently ranges
between 3000-5000 MW. Solar with its shorter set up time, modular design, and
ease of integration with the existing infrastructure can be utilized to
generate energy. Inam ur Rahman, CEO, Reon Energy Limited stated “Prices for solar PV systems
have declined markedly in recent years. With increasing viability of
solar, and greater regulatory support such as wheeling for renewable energy
producers, mandatory purchase of power from IPPs, net metering offers enormous
opportunities for private sector companies. Financial options if extensively
available can further smoothen the process of transfer to solar technologies.” Reon Energy Limited is a part of Dawood
Hercules Corporation Limited, the largest private sector energy provider in
Pakistan. Reon with its quality products and service solutions has provided
solutions for manufacturing companies, telecom towers, health care facilities,
and academic institutions across Pakistan.
Reon has recently received its certification for ISO 14001: EMS making
it one of the pioneering companies to implement health and safety standards in
Pakistan.
Intervention
at regulatory level from the government along with significant support from financial
institutions can be a way forward for Pakistan’s energy industry. Further
private sector companies must maintain product standards, Health, Safety and
Environment (HSE) policies, and effective teams to make this process fruitful
for the business community.
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