Alpha Solar
Why Solar Energy is the Best Solution for Pakistan?
Aug. 7, 2023- By: Mubashar Khan
Courtesy ofAlpha Solar
The economic condition of Pakistan is devastated, and every year, the government tends to add extra tariffs on electricity consumption to manage the fiscal deficit. The recent increase of more than 7 rupees per unit is a clear indication of this situation.
Pakistan produces over 60% of its total power using fossil fuels, such as gas and furnace oil. In the fiscal year 2021-22, the government paid nearly 95 billion rupees per month to purchase gas and furnace oil for electricity production. Such substantial expenditures on importing fossil fuels significantly impact the country’s overall economy. Consequently, the common man faces inflation in the form of higher electricity bills and increased prices for essential items.
Most popular related searches
Stay in the loop!
Select your areas of interest to receive industry updates.