Average utilisation rate of the operational solar photovoltaic (PV) plants is merely 19 percent in Pakistan, far from over 95 percent utilisation rate in China, the country that contributes nearly 87 percent of the total foreign investment in solar PV plants in Pakistan, a statement said on Monday.

By Our CorrespondentJuly 04, 2023LAHORE: Average utilisation rate of the operational solar photovoltaic (PV) plants is merely 19 percent in Pakistan, far from over 95 percent utilisation rate in China, the country that contributes nearly 87 percent of the total foreign investment in solar PV plants in Pakistan, a statement said on Monday.

It was shared during a Chinese delegation’s visit to Pakistan China Joint Chamber of Commerce and Industry (PCJCCI) to discuss importance and need of advancement in solar projects.

One of the representatives of the delegation shared that the average utilisation rate of the operational solar PV plants was 19 percent in Pakistan and over 95 percent in China. “Chinese companies can expect a supportive government attitude to investment in solar PV plants in Pakistan and the cooperation will complement both countries’ commitment to the socio-economic development of the whole region,” she said.

As experienced PV plants investors in Pakistan, Chinese companies are more likely to further leverage their learning in the solar industry. They can also benefit from China’s pledge to move away from coal-based energy generation and promote green energy in developing countries, according to the representative.