Financing for Wind,Solar Energy in Pakistan

Financing for Wind,Solar Energy in Pakistan

Financing for Wind,Solar Energy in Pakistan

State bank of Pakistan has announced the project size established by vendor or energy Sale Company has been enhanced from 1MW to 5MW. The financing limit has also been increased from Rs1bn to Rs2bn. This was decided after getting the encouraging response from stakeholders. To overcome the shortage of energy problem, state bank announced the finance scheme in 2016. Scheme was consisting of two categories, one was allowing financing for renewable power projects for own use or selling to the national grid or combination of both, second category was financing to agriculture, commercial, domestic and industrial uses. Hence it is the right time for the local and foreign investors to install wind and solar projects to fulfill the need of energy or one side and to keep the environment pollution free and to face the economic and social problems.

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