“With the costs of solar power having decreased significantly over the past couple of years, Pakistan now has the opportunity to unleash investment in solar energy without the need for subsidies,” said Anthony Cholst, Acting Country Director for the World Bank, Pakistan.
“The World Bank stands ready to support the federal and provincial governments in realising this objective, alongside the support we are already providing for development of hydro-power sector reform and the strengthening of the transmission grid. It is time to realize the full potential of this clean and secure source of energy,” he added.
“These new solar maps will definitely ensure qualified improvement vis-a-vis previous studies, and will underscore the tremendous solar potential that exists across Pakistan,” said Amjad Ali Awan, Chief Executive Officer of AEDB.
Awan also appreciated the World Bank for its “valuable contribution” to Pakistan’s “continued efforts towards scaling up of renewable energy in an affordable and sustainable manner.”
Details of solar mapping project
Led by the Energy Sector Management Assistance Program, a multi-donor trust fund administered by the World Bank, the initiative will “facilitate investors in making more informed project decisions”.
“The maps will help large solar power projects in obtaining commercial financing by reducing the resource risk,” the press release further said.
The World Bank project on solar mapping in Pakistan includes field data being generated by nine solar measurement stations installed two years ago across the country.
“The project supports AEDB’s efforts to harness renewable energy in all the provinces by improving access to bankable data,” the World Bank statement said. “The solar maps used the latest solar resource modeling techniques, based on 18 years of satellite and global atmospheric data from 1999-2016.”