Is solar energy a low cost option in Pakistan?

This is also evident from the reduction in tariffs of solar power in Pakistan over the years and now Indicative Generation Capacity Expansion Plan (IGCEP) also contemplates an addition of substantial quantum through Solar PV energy generation as the least cost option.

Are solar systems a savior in Pakistan?

Pakistan’s power demand has reached 29,000MW over the total generation of 22,000MW. This surely creates a considerable gap between the demand and supply. Hence, it is all resulting in a great amount of load shedding in many areas of the country. This is where solar system installations come as a savior.

Who owns the power generated by solar PV systems?

All power generated by Solar PV systems will become property of the Government department. v.

What are the tax implications of a solar power project?

Profits and gains derived from sale of electricity by an IPP from an electric power generation project shall be subject to 15% income tax for the term of the project. In addition to the GOP Guarantee, the payment under the EPA will be ensured on 60th day after invoice through bank debit from a dedicated solar account to be maintained by CPPA.

What does the GOP want to do with solar power?

In order to ensure the GOP’s policy objectives of energy security, affordability of electricity, environmental protection, and sustainable development, the GOP envisions to deploy solar power on a fast track basis to eventually complement and/or substitute the expensive imported fossil fuels currently being used for power generation.