This blog deals with issues relating to politics, Geopolitics, Finance, Banking and anything which interests me.
Tuesday, 27 March 2012
Energy-starved Pakistan sees the light on solar power
MUZAFFARABAD: From mosques, to homes and streets, Pakistanis are increasingly seeing the light and realising that year-round sun may be a cheap if partial answer to an enormous energy crisis.
“It’s the best thing I bought this winter,” says Sardar Azam, a former civil servant retired to a river-side home in Kashmir, showing off his water-heating solar geyser installed on the terrace.
“The biggest advantage is that you spend money once and it runs on sunlight which is free,” Azam added.
The country needs to produce 16,000 megawatts of electricity a day but only manages 13,000 megawatts, according to the Pakistan Electric Power Company.
The shortfall means that millions endure electricity cuts for up to 16 hours a day, leaving them freezing in winter and sweltering in summer while hitting industry hard, exacerbating a slow-burn recession.