Finshots Daily Pakistan's solar frenzy has hidden costs and lessons, too
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Dec 5, 2024 Pakistan finds itself at a crossroads with its electricity challenges. The country is embarking on a significant shift towards solar energy, primarily relying on imported panels from China. While this transition offers promise for clean energy, it also raises numerous financial and infrastructural concerns that could impact its power grid. The discussion highlights both the opportunities and hidden costs of this solar frenzy, offering valuable lessons for others considering similar paths.
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Pakistan's Solar Paradox
- Pakistan's solar boom, driven by cheap imports and unreliable grid electricity, creates a paradox.
- Increased solar adoption reduces grid revenue, raising tariffs and further pushing people towards solar, creating a vicious cycle.
China's Double-Edged Sword
- China plays a dual role, profiting from Pakistan's solar transition while also holding debt from coal-based IPP investments.
- This creates a complex financial situation for Pakistan.
Modernizing Pakistan's Grid
- Modernize the grid with AI-driven monitoring for better demand prediction and power flow optimization.
- Upgrade to digital metering for real-time energy tracking and waste reduction.