Solar Power For Sunny Pakistan

[Riaz Haq]

Sunny California is leading the way to tap solar energy. Can sunny Pakistan follow to deal with its crippling energy crisis?

California based BrightSource Energy, which already has a deal to build a series of huge solar power plants in the Mojave Desert for Pacific Gas & Electric (PG&E), announced an even larger project recently with Southern California Edison. Brightsource, with its roots in Israel, launched its first big solar project last year in the Negev desert.

The World Economic Forum voted BrightSource as a 2009 Technology Pioneer. It was the only solar company to win this year's award, and is recognized for helping industrial customers reduce their dependence on fossil fuels.

By 2016, the two companies said, BrightSource will build a series of solar-thermal power plants that will generate 1.3 gigawatts of electricity for Southern California Edison's customers. That's enough power for 845,000 homes, said Stuart Hemphill, the utility's vice president of renewable and alternative power. Talking with SiliconValley.com, he characterized the deal as "the largest set of solar agreements ever signed."

Photo-voltaic solar power panels are often used for local and distributed power generation capability, such as on rooftops of homes and buildings. It is generally on-grid but it can be off-grid for remote places. Unlike the solar panel's relying on photo-voltaic cells, solar thermal power is centrally generated from thousands of curved mirrors in the desert focusing sun's light on to water pipes to generate superheated steam which is then used to generate electricity. It is then connected to the grid and transmitted to major population centers. The first such experimental power plant was set up in California's Mojave desert in the 1980s and many of its pioneers are now helping Brightsource to go big with solar thermal.

The deal is another step toward meeting California mandates for renewable-energy generation. Investor-owned utilities such as PG&E are required to get 20 percent of their power from renewable sources by the end of 2010, and 33 percent by 2020. Even before this latest development, the state's Energy Commission was reviewing seven solar-thermal projects that could generate nearly 2.6 gigawatts worth of electricity.

California is very sunny, but so are other places such as Pakistan. In fact, Pakistan is an exceptionally sunny country. If 0.25% of Balochistan was covered with solar panels with an efficiency of 20%, enough electricity would be generated to cover all of Pakistani demand.



Solar energy makes much sense for Pakistan for several reasons: firstly, 70% of the population lives in 50,000 villages that are very far away from the national grid, according to a report by the Solar Energy Research Center (SERC). Besides, the country's creaky and outdated electricity infrastructure loses over 30 percent of generated power in transit, more than seven times the losses of a well-run system, according to the Asian Development Bank and the World Bank; and a lack of spare high-voltage grid capacity limits the transmission of power from hydroelectric plants in the north to make up for shortfalls in the south.Connecting these villages to the national grid would be very costly, thus giving each house a solar panel would be cost efficient and would empower people both economically and socially.

Pakistani blog Pakistaniat has reported practical examples of the use of solar energy as seen in some villages of Pakistan where each house has been provided with a solar panel that’s sufficient to run an electric fan and two energy saving bulbs. Prior to this arrangement, the whole village used to be plunged in darkness at night. In Narian Khorian, a village about 50 kilometers from Islamabad, 100 solar panels have been installed by a local firm, free of cost, to promote the use of solar energy. With these panels, the residents of 100 households are enjoying light and fan facilities. This would not have happened for decades as the supply of electricity from the national grid would be difficult and costly due to the mountainous terrain.

Pakistan Solar Map  Multi-year mean (2000-2012) of daily Global Horizontal Irradiance (GHI) for Pakistan in kWh/m2 [Note: preliminary, unvalidated results] Source: World Bank

In addition to renewable energy from the sun, Pakistan is also fortunate to have something many other countries do not, which are high wind speeds near major centers. Near Islamabad, the wind speed is anywhere from 6.2 to 7.4 meters per second (between 13.8 and 16.5 miles per hour). Near Karachi, the range is between 6.2 and 6.9 (between 13.8 and 15.4 miles per hour). Pakistan is also fortunate that in neighboring India, the company Suzlon manufactures wind turbines, thus decreasing transportation costs. Working with Suzlon, Pakistan can begin to build its own wind-turbine industry and create thousands of new jobs while solving its energy problems. Suzlon turbines start to turn at a speed of 3 meters per second. Vestas, which is one of the world's largest wind turbine manufacturers, has wind turbines that start turning at a speed of 4 meters per second. In addition to Karachi and Islamabad, there are other areas in Pakistan that receive a significant amount of wind.

Pakistan Wind Map Source: USAID

In only the Balochistan and Sindh provinces, sufficient wind exists to power every coastal village in the country. There also exists a corridor between Gharo and Keti Bandar that alone could produce between 40,000 and 50,000 megawatts of electricity, about twice the current installed capacity in Pakistan, says Ms. Miriam Katz who has studied and written about alternative energy potential in South Asia. Given this surplus potential, Pakistan has much to offer Asia with regards to wind energy. In recent years, the government has completed several projects to demonstrate that wind energy is viable in the country. In Mirpur Sakro, 85 micro turbines have been installed to power 356 homes. In Kund Malir, 40 turbines have been installed, which power 111 homes. The Alternative Energy Development Board (AEDB) has also acquired 18,000 acres for the installation of more wind turbines.

The village of Ghulam Muhammad Goth, north of Karachi with population of 800, about 10 km from the national power grid, now receives power from a small windfarm consisting of 18 wind turbines each capable of generating 500 watts of electricity. Installed by the state-run Pakistan Council for Renewable Energy and Technologies (PCRET), the farm produces enough to power for each home to have two low-energy bulbs, a fan and, most importantly, a television set.

In addition to high wind speeds near major centers as well as the Gharo and Keti Bandar corridor, Pakistan is also very fortunate to have many rivers and lakes. Wind turbines that are situated in or near water enjoy an uninterrupted flow of wind, which virtually guarantees that power will be available all the time. Within towns and cities, wind speeds can often change quickly due to the presence of buildings and other structures, which can damage wind turbines. In addition, many people do not wish for turbines to be sited near cities because of noise, though these problems are often exaggerated. Wind turbines make less noise than an office and people comfortably carry on conversations while standing near them.

Finally this year, Pakistan awarded a contract to a Turkish company to set up a wind farm near Hyderabad. President of Zorlu Enerji (Pvt) Ltd., Murat Sungar Bursa, who signed the agreement with HESCO (Hyderabad Electric Supply Company) in Pakistan, said that the estimated cost of 50 MW project was 120 million dollars. He added the company was also considering to further expand the project up to 250MW. He said incentives offered by Pakistan’s renewable energy policy was a major factor in the company’s decision to invest here. He said that capacity of the wind farm will be enhanced upon successful completion of 50 MW phase. Zorlu Enerji has become the first company to establish wind farm for power generation in Pakistan after signing Energy Purchase Agreement with Hyderabad Electric Supply Corporation for purchase of six MW electricity generated at the company’s facility in Jhimpir. NEPRA (Pakistan's power regulator) has awarded tariff of US cents 12.1057 Per KWH, which is cheaper than the electricity generated from thermal sources. The power generated from the first phase would be routed to the Jhimpir gird station by HESCO and would be sufficient to electrify 6,900 homes in Hyderabad region. Harnessing the strong winds coming from South West, the wind farm is first major commercial wind power project of the country, comprising five towers in the first phase with an installed capacity of 1.2MW wind turbine generator per tower.

The slowdown in the renewable energy sector is likely to be temporary. President Obama is expected to get the US Congress to approve $150b to support the US renewable energy sector with large government incentives. The US policy will likely boost the global renewable energy market as well.

As Pakistan grapples with its crippling energy crisis, it is important for the country to take advantage of its precious natural resources such as the high winds and the bright sunshine, and biofuels as byproducts of its sizable sugar-making industry. Such a strategy will lead to lower costs of generation by reducing the need to import oil. It'll also help reduce carbon emissions, a major environmental concern.

Related Links:

Huge Solar Power Project in California

Renewable Energy in Pakistan
Pakistan's Energy Crisis

Using Solar Energy in Pakistan

Pakistan's Sugarcane Biogas Plant

[Riaz Haq]

Solar energy lights up rural schools in Pakistan, according to Earth Techling:

Pakistan starts 2012 on a slightly brighter note after a year of recovering from the worst floods in the country’s history in 2010 (while continuing to endure high levels of terrorism-related violence). As part of the effort to rebuild, sunny days and solar panels and multipurpose lights are providing reliable and much needed electricity for schools and rural areas of Pakistan that have been without electricity since the floods.

Plan International Pakistan and the Punjab education department have rehabilitated nearly 400 schools destroyed by floods, and implemented solar power in 250 schools that did not have electricity. Funded by the United Kingdom’s Department for International Development (DFID), the project piloted the first use of solar technology in the UK’s disaster response. In addition to the solar panel installation, the project also provided water and sanitation, school furniture, school paper, schoolbags and uniforms, sports equipment and health education for 54,000 primary school children.

In addition to powering up the schools, aid from the U.K.’s DFID also provided multipurpose solar light units to people across rural southern Pakistan who have been without power since the floods and were relying on candles, kerosene oil and rechargeable flashlights for light. The solar unites provide free and sustainable light for up to 10 hours after charged and last up to five years. But beyond providing light, the units can also be used to recharge mobile phones, which play a critical role in helping displaced families and communities stay connected in areas where landline phones are rare.

Marvi, a woman living in southern Pakistan with her seven children, explained to aid officials how the solar units were benefiting her family: “I use the solar light for cooking at night,” she explains. “We save money because we had to buy candles and kerosene before. We also use it to charge our mobile phones.”

http://www.earthtechling.com/2012/01/pakistan-lights-up-new-year-wi...

[Riaz Haq]

Conergy will plan and supply Pakistan’s biggest solar-power plant as the country seeks to increase access to electricity, reports Bloomberg:

The 50-megawatt project at Bahawalpur in the Cholistan region is owned by DACC Power Generation Co. and the Pakistani government and will supply 30,500 households with electricity, Conergy said today in an e-mailed statement.

Total investment will probably be about $170 million to $190 million, with Conergy’s share at about 60 million euros ($75 million) to 70 million euros, said Antje Stephan, a Conergy spokeswoman.

The government is seeking to spur investment, create jobs and expand access to power in a country where some areas can be without energy for as long as 18 hours a day, Conergy said. The company, working with developer Ensunt Inc., will supply 210,000 modules and 140 inverters, the Hamburg-based manufacturer said.

http://mobile.bloomberg.com/news/2012-06-04/conergy-agrees-to-suppl...

[Riaz Haq]

Here's an ET report on German solar panel manufacturing investment in Pakistan:

FAISALABAD:

German renewable energy company CAE plans to invest more than €100 million (Rs12.9 billion) in setting up the first solar panel manufacturing facility in Pakistan, and the second of its kind in Asia.

In an exclusive interview with The Express Tribune, Shahzada Khurram, the only Pakistani director of the company, shared its plans of becoming a leading supplier of renewable energy equipment in the country. “Pakistan is going through one of the worst energy crises, and it is time to think about renewable energy as a way to make good money in the sector,” said Khurram.

CAE, based in Germany, is owned by four partners, one of whom is Khurram. The other three are Renier Kertess (German), Anton Josef Hotz (Swiss), and Luigi Tassell (Italian). Khurram met them during his time as a student in Germany and Mexico. Khurram himself is from a family that has a background in textile manufacturing.

CAE plans to introduce a type of solar panel that has not been used in Pakistan before and is not manufactured anywhere else in Asia except one place in China. It will build a factory in Faisalabad on land that has been given to it by the University of Agriculture Faisalabad. In exchange, the university gets a 10% share in the company’s Pakistani subsidiary. Manufacturing is expected to start by the end of the year.

Solar energy prices are rapidly becoming more competitive with thermal energy sources. Several global experts believe that 2013 will be the year that solar energy becomes economically viable even without any government subsidies.

The problem with solar panels in Pakistan has hitherto been the fact that the upfront set-up cost is beyond the reach of most customers, even though the costs thereafter are miniscule. To smooth out that the cost curve, CAE has partnered with Faysal Bank and Meezan Bank to offer consumer financing options for people looking to install solar panels in their homes and offices. CAE claims it will offer a 25-year warranty for its products, allowing its customers to get extended time periods on their loans, which will reduce monthly payments.

“We are aiming to make sure that any person who installs the house solar system will have monthly instalments equal to their current monthly electricity bill,” said Khurram. Given the fact that grid electricity in Pakistan is cheap, but unreliable, it is likely that many will find that proposition highly tempting....

http://tribune.com.pk/story/491194/renewable-energy-german-firm-to-...

[Riaz Haq]

Here's an Express Tribune report on 300 MW solar power project in Pakistan:

QUETTA:

A Memorandum of Understanding has been signed between the Balochistan government and CK Solar Korea for installing a 300 MW solar power plant near Quetta, Provincial Secretary Energy Fuad Hashim Rabbani said on Saturday.

The project will cost around $900 million and will be completed by 2016, he said, while addressing the media.

Rabbani said the government has procured 1,500 acres of land in Khuchlak and Pishin on lease. “This project will help overcome the shortfall of electricity in Balochistan,” he added.

The project will provide green energy particularly in areas where is no conventional electricity option, the energy secretary said.

“Currently, the local population of targeted areas are using kerosene lanterns, which is hazardous to the health and non-economical due to the intermittent price hike,” he remarked.

He said that electricity to medical facilities such as hospitals, Basic Health Units and installation of solar street lights were amongst major benefits of the project.

“The government is planning to install 20 solar powered water pumps in 10 districts of Balochistan for water supply schemes,” Rabbani said.

Responding to a question, he conceded that farmers were suffering due to long hours of load-shedding and assured that steps would be taken to provide electricity to the farmers.

He said that work on Loralai-DG Khan 220 KV and Dadu-Khuzdar 220 KV power supply lines would be completed next year.

http://tribune.com.pk/story/529000/solar-power-plant-balochistan-go...

[Riaz Haq]

Here's a CleanTechnica story on 500MW solar power plant in Cholistan desert in Pakistan:

The chief minister of the Punjab government in Pakistan has just announced plans for the development of a 500 MW solar energy project in the Cholistan region — a project that will apparently be completed with the aid of the Canadian government.

While much remains unknown about the project, a few details are known — the project deal involves the Canadian government, the project will be completed in two phases, it’s not clear exactly how the Canadians will be involved, and the first phase will see 200 MW of capacity go online before the second phase is finished. The chief minister also announced plans for a 1 GW electricity generation scheme at the same press conference

http://cleantechnica.com/2013/11/12/500-mw-solar-energy-project-dev...

[Riaz Haq]

Here's a PV magazine story on solar plants pipeline in Pakistan:

The country currently has 22 individual solar PV projects under different stages of development, according to Pakistan's Alternative Energy Development Board.

Pakistan is on course to add 772 MW of solar power to its national grid by 2016, according to figures released by the country's Alternative Energy Development Board (AEEDB).

There are currently 22 individual solar power projects either under construction or at various stages of development across Pakistan, with a number of these projects awaiting an agreement on a national FIT – details of which the National Electric Power Regulatory Authority (NEPRA) finally announced in late January after months of delays.

NEPRA has now published its final FIT incentives for PV projects between 1 MW and 100 MW. In the north of Pakistan the FIT will be set at $0.18 cents per kWh for an initial ten-year period, halving after that time to just $0.09 cents per kWh for the next 15 years.

In Pakistan's southern regions, the FIT incentive comes in a little more generously, at $0.19 cents per kWh for the first ten years, but falling to below $0.09 cents per kWh thereafter.

In 2013, the AEDB recommended a FIT level of approximately $0.27 cents per kWh nationwide, but NEPRA has calculated a lower rate on the basis of Pakistan's current PV pipeline.

AEDB has also revealed that it is pursuing a number of renewable energy projects for the country’s national grid, and has pledged its backing to the solar industry and the wind industry – the latter of which has an estimated 150 MW pipeline in the offing.

For solar, AEDB is set to embark on a campaign to promote the installation of residential rooftop PV systems designed for self-consumption. Currently, Pakistan has no building or licensing restrictions on these types of installations.

Read more: http://www.pv-magazine.com/news/details/beitrag/pipeline-of-pv-proj...

[Riaz Haq]

Here's an AFP story on a planned giant solar park in Pakistan's Cholistan desert in Punjab:

BADAIWANI WALA: For years Pakistanis have sweated and cursed through summer power cuts, but now the government plans to harness the sun's ferocious heat to help tackle the country's chronic energy crisis.

In a corner of the Cholistan desert in Punjab province, power transmission lines, water pipes and a pristine new road cross 10,000 acres of parched, sandy land.

The provincial government has spent $5 million to put in place the infrastructure as it seeks to transform the desolate area into one of the world's largest solar power parks, capable one day of generating up to 1,000 megawatts of electricity.

The desert park in Bahawalpur district is the latest scheme to tackle the rolling blackouts which have inflicted misery on people and strangled economic growth.

Temperatures can reach 50 degrees Celsius in the country's centre in June and July, sending demand for electricity soaring and leaving a shortfall of around 4,000 MW.

“In phase one, a pilot project producing 100 MW of electricity will hopefully be completed by the end of this year,” Imran Sikandar Baluch, head of the Bahawalpur district administration, told AFP.

“After completion of the first 100 MW project, the government will invite investors to invest here for the 1,000 megawatts.”

A 'river' of solar panels

Engineers and labourers are working in the desert under the scorching sun to complete the boundary wall, with authorities keen to begin generating solar electricity by November.

“If you come here after one and a half years, you will see a river of (solar) panels, residential buildings and offices -- it will be a new world,”said site engineer Muhammad Sajid, gesturing to the desert.

Besides solar, Pakistan is also trying to tap its unexploited coal reserves -- which lie in another area of the same desert, in Sindh province.

In January Prime Minister Nawaz Sharif inaugurated construction on a $1.6 billion coal plant in the town of Thar, in Sindh.

Work has also begun on a pilot 660 megawatt coal-fired plant in Gadani, a small town on the Arabian Sea.

Another 600 megawatt coal plant has also been given the go-ahead in the southern city of Jamshoro.

But while coal may offer a short-term fix to the energy crisis, authorities are keen to move to cleaner electricity in the long run.

“We need energy badly and we need clean energy, this is a sustainable solution for years to come,” said Baloch.

“Pakistan is a place where you have a lot of solar potential. In Bahawalpur, with very little rain and a lot of sunshine, it makes the project feasible and more economical,” he said.

Clean energy

Baloch believes that the new solar park will make Pakistan a leader in that energy in the region. The initial pilot project is a government scheme but private investors are also taking an interest.

Raja Waqar of Islamabad-based Safe Solar Power is among them. His company plans to invest $10 million to build a 10 MW project in the new park.

“The government has allotted us land over here. Infrastructure, the transmission line and road are available here, that is why we are investing,”Waqar told AFP.

A million dollars per MW is a sizeable investment but Waqar said the company expected to reap returns on it over at least the next decade, and others were keen to get on board.

“There are up to 20 companies who are investing in this park and their projects are in the pipeline,” he said. “Some of them are working on 50 MW, some on 10 and others on 20.”But not everyone is so upbeat about the project.....

http://www.dawn.com/news/1101141/pakistan-plans-huge-desert-solar-p...

[Riaz Haq]

Global Renewable Energy Mapping Program Gets Underway in Pakistan with First Solar Measurement Station

The first of nine automated solar measuring stations in Pakistan was inaugurated at the Quaid-e-Azam Solar Park in Bahawalpur in October 2014
The nine stations will transmit daily reports on 10 minute average values for solar radiation levels, temperature, air pressure and wind speed, with the data made publicly available
Installation will soon be followed by 15 wind measurement stations in Pakistan, and similar measurement campaigns in eleven other countries

Pakistan has tremendous potential for harnessing wind, solar, biomass and other renewable energy resources to help reduce power cuts and improve access to modern energy services. But the country lacks the high quality resource data at a national scale that is needed to take full advantage of these sources of clean energy.

For the past year, the World Bank and Pakistan’s Alternative Energy Development Board have been working together to map renewable energy resources across the entire country. The project, supported by the World Bank’s Energy Sector Management Assistance Program (ESMAP), will measure Pakistan’s potential for wind, solar and biomass energy by using ground-based data collection, GIS analysis, and geospatial planning. It is part of a broader Renewable Energy Resource Mapping initiative covering 12 countries.

Concluding the first phase of the project, initial maps of solar and wind potential for Pakistan were presented to the government and other stakeholders at an October 15 workshop in Islamabad. The result of months of computer-intensive modeling, these maps represent a significant improvement over previous efforts due to computational advances over the last decade. The maps are based on satellite data and global atmospheric models covering a 10 year period, and can be used to estimate the likely solar or wind potential at any point in the country.

However, to get to the level of confidence required by commercial developers, these modeling results must be compared against actual solar and wind measurements taken from ground-based stations.

A major part of the ESMAP renewable energy mapping initiative is to collect ground-based measurement data for a period of up to two years. This data is then used to improve the models, leading to the production of solar and wind atlases with a margin of error of as low as 5 percent. These in turn can be used by governments to set tariffs and guide the strategic development of renewable energy, and by commercial developers to carry out feasibility studies, leading to development of solar and wind power plants.

http://www.worldbank.org/en/news/feature/2014/11/12/global-wbg-rene... 

[Riaz Haq]

JA Solar has delivered PV panels for a 100MW solar project in Punjab, Pakistan.
It did not reveal the terms of the deal.

The modules will be installed at a 500-acre site at the Quaid-e-Azam Solar Park in Bahawalpur.

“The harsh and arid climate in Pakistan is a great challenge for our solar modules,” said JA Solar chief operations officer Yong Liu in an online statement.

Quaid-e-Azam — a major project under the China-Pakistan Economic Corridor development programme — is the first utility-scale PV installation in Pakistan.

The project — a venture between the Punjab provincial government, Bank of Punjab and Chinese power-transformer specialist Tebian Electric Apparatus (TBEA) — will be scaled up to 1GW by 2016.

http://www.rechargenews.com/solar/1385964/JA-Solar-ships-100MW-to-P...

[Riaz Haq]

ISLAMABAD (Thomson Reuters Foundation) - Amid a worsening energy crisis, Pakistan has approved the use of grid-connected solar energy, rooftop solar installations and mortgage financing for home solar panels to boost uptake of clean energy in the country.

The government has also reversed course and eliminated a 32.5 percent tax imposed on imported solar equipment in the country's 2014-2015 budget. The reversal aims to bring down the cost of installing solar panels.

The approval of net-metering – which allows solar panel purchasers to sell power they produce to the national grid - is a major breakthrough that could spur use of solar energy and help Pakistan's government cut power shortages in the long run, said Asjad Imtiaz Ali, chief executive officer of the Alternative Energy Development Board, a public organization.

"The initiative will help scale up demand for solar energy acrossPakistan,” he said, “and we hope the increased demand will also result in sufficient decreases in the price of solar equipment.”

Ali said the government decided to cut newly imposed taxes on the import of solar panels following pressure from business owners, the public and media.

And the decision to allow solar generators to sell their excess generating capacity means “consumers can now install rooftop solar systems and sell the extra energy to the national grid,” he said.

Currently, Pakistan's rural areas face blackouts of over 11 hours a day while urban areas suffer up to eight hours of daily power cuts. The total power shortfall stands around 6,000 megawatts.

Safeer Hussain, a registrar at the National Electric Power Regulatory Authority, said consumers who intend to sell solar-generated electric power to a distribution company would need to register with his authority.

“Net-metering is a sophisticated system and the applicant would be responsible for the installation of the equipment used for interconnection,” he said.

HOW IT WORKS

Net-metering is a billing mechanism that credits solar energy system owners for the electricity they add to the national grid.

If a solar household uses more grid power than it supplies to the grid from its solar panels, it would still be billed each month for that excess power. But if it supplies more electricity than it uses in a month, then it will receive a credit against future bills or, be paid for the power on an annual basis, Hussain said.

"The tariff applicable for purchase of electricity from the consumer will be the same at which he has been billed by the company for electric power,” he said.

Nauman Khan, one panel importer and chief executive officer of Grace Solar Pakistan, said the changes could triple his solar imports in 2015.

Pakistan’s private sector imported 350 megawatts of solar panels in 2013 but that dropped to 128 megawatts in 2014 after the government imposed taxes on import of the panels, he said.

"The tax exemptions and other initiatives to boost clean energy are a welcome move by the government,” he said. “We hope the private sector would import around 800 megawatts of solar panels in 2015 to meet the demand.”

Net-metering will not only help consumers get uninterrupted power and energy credits through the year but also help the government bridge its power shortfall, he said.

Khan and the heads of two other solar companies plan to install rooftop solar on 100,000 homes in Lahore, Karachi, Rawalpindi and Islamabad in next two to three years, with Bank Alfalah Limited, a private bank, offering financing to buyers.

FUNDING TO BUY PANELS

The State Bank of Pakistan and the Alternative Energy Development Board have recently allowed the bank for the first time to finance rooftop solar installation with home mortgages.

Fariha Mir, a senior manager at Bank Alfalah, said the financing up to five million rupees (around $50,000) for rooftop solar installation would be launched in the first quarter of 2015 under the banner “Green Market.”

"It's our social responsibility to create awareness about clean energy and provide loans for it on easy installments to our customers,” she said.

Mir said the bank would give loans to customers who want to convert their homes to solar energy. The program, which will allow buyers to borrow against their home’s value, will continue for five years, she said.

"The loan would be especially useful for people who otherwise can't afford rooftop solar installation,” she said, adding the interest rate on the solar financing would also be comparatively low.

Qamar-uz-Zaman, an expert on climate change with Lead Pakistan, a non-profit organization in Islamabad, predicted net-metering and private sector financing for solar installation would revolutionize the use of renewable energy in Pakistan, as it has done for many other developed and developing countries.

"Pakistan can cut carbon emissions to a significant extent and access international climate financing by promoting solar energy, besides overcoming its energy crisis,” he said.

http://www.reuters.com/article/2015/01/06/us-pakistan-solar-idUSKBN...