Solar panel prices drop to record lows in Pakistan

[FOOLS_NIGHTMARE]

Solar panel prices in Pakistan have plummeted to new record lows, with prices dropping to Rs.28 per watt in Karachi’s market, ARY News reported on Saturday.

This massive decrease follows a steady decrease from Rs.30 to Rs.32 per watt last month.

Earlier this year, prices hovered around Rs.39 to Rs.40 per watt in April, marking a significant drop compared to Rs.80 per watt two years ago.

The decline in prices is attributed to increased supply and growing interest in solar energy.

Federal Minister for Energy Owais Laghari noted that 8,000 MW of solar panels were imported into Pakistan in just one year.

Additionally, plans to establish solar inverter plants locally aim to reduce foreign exchange costs and further promote solar energy in the country.

 

[Thinking]

Pakistan has done well on this front by roping in regular people. Home solar cells are a thing in Pakistan.

 

[PakAl]

Great move, Pakistan needs solar power for all houses, it will save us billions from expensive oil gas imports, IPPs, need to invest in to dams, larger and smaller ones, provisional dams, invest more in to coal energy. Generate surplus electricity, invest in to electrical buses, motorbikes, electric bikes, trucks, motorbikes and electric bikes can be charged at home with solar panels.

 

[Mr X]

Great move, Pakistan needs solar power for all houses, it will save us billions from expensive oil gas imports, IPPs, need to invest in to dams, larger and smaller ones, provisional dams, invest more in to coal energy. Generate surplus electricity, invest in to electrical buses, motorbikes, electric bikes, trucks, motorbikes and electric bikes can be charged at home with solar panels.

It won’t…

It will instead put more pressure on the government. The reason is we are under the contract by IPPs that whether we need the power generation or not, the government is bound to buy the units from the IPPs.

Less demand means more bill for the government to pay for unused electricity unless the government is able to grow the electricity demand and consume these extra units

 

[sentry]

It won’t…

It will instead put more pressure on the government. The reason is we are under the contract by IPPs that whether we need the power generation or not, the government is bound to buy the units from the IPPs.

Less demand means more bill for the government to pay for unused electricity unless the government is able to grow the electricity demand and consume these extra units

But as long as economy turns productive, GOP will have revenue to compensate the IPPs till they negotiate a final settlement with them. May be the IPPs will come back to negotiating table when they see they are going to loose the opportunity all together. Hope a balance will emerge.

 

[agidest]

Great move, Pakistan needs solar power for all houses, it will save us billions from expensive oil gas imports, IPPs, need to invest in to dams, larger and smaller ones, provisional dams, invest more in to coal energy. Generate surplus electricity, invest in to electrical buses, motorbikes, electric bikes, trucks, motorbikes and electric bikes can be charged at home with solar panels.

Here you are a typical Pakistani cheer leading your economys demise.

Your ipp's have to be paid money for capacity regardless of whether they produce power or not. Arguably the electricity should be used from the ipp so you get something against what the country pays.

And even if as a country Pakistan decides to go solar, you should be making your own panels instead of doing zero tax free trade with China that ensures you will never have any industry. This is China flooding your market (and trying everywhere else as well) to stabilize its own economy and export its over capacity.


You people deserve what's happening to your country you're just so daft. Darwin predicted this.

 

[PakAl]

It won’t…
It will instead put more pressure on the government. The reason is we are under the contract by IPPs that whether we need the power generation or not, the government is bound to buy the units from the IPPs.

Less demand means more bill for the government to pay for unused electricity unless the government is able to grow the electricity demand and consume these extra units

I was listening to Nadeem Malik interview with a government official who is making reforms in to IPP contractors, he mentioned 5 IPPs will be closed, with the others they will renegotiate better terms. Pakistan should renegotiate shorter contracts with them, not pay for the units not used and within a certain time get rid of them as they're too expensive, the IPP owners made billions from this. If solar power are successful we can reduce oil imports unless we have 100 years contracts with them also. The government officials who made expensive deals should be taken to the cleaners.

 

[FarhanSiddiqui]

I hope the small isolated villages towns will be electrified using solar energy especially in Balochistan.

Stanford University in 2022 announced that they have developed Solar Panels that work during the night.

Solar Panels That Work at Night Developed at Stanford

"The coldness of outer space is also an extremely important renewable energy resource," a researcher says.

www.cnet.com

 

[PakAl]

Here you are a typical Pakistani cheer leading your economys demise.

Your ipp's have to be paid money for capacity regardless of whether they produce power or not. Arguably the electricity should be used from the ipp so you get something against what the country pays.

And even if as a country Pakistan decides to go solar, you should be making your own panels instead of doing zero tax free trade with China that ensures you will never have any industry. This is China flooding your market (and trying everywhere else as well) to stabilize its own economy and export its over capacity.

You people deserve what's happening to your country you're just so daft. PDarwin predicted this.

This will reduce the electricity bills for the people, reduce expensive oil and gas imports, Pakistan is developing own dams for power generations, solar parks so they working towards independent, yes I agree local industries should be established to produce solar panels and technologies. Those in charge should have the brains for it.

 

[Michael]

It won’t…
It will instead put more pressure on the government. The reason is we are under the contract by IPPs that whether we need the power generation or not, the government is bound to buy the units from the IPPs.
Less demand means more bill for the government to pay for unused electricity unless the government is able to grow the electricity demand and consume these extra units

It is not clear to me why Pakistan does not bring in “National Grid” to help build and manage the power system.
State Grid is the world's largest utility company, ranked No. 3 on the Fortune 500 list for 2024. It operates and manages electricity businesses in China and many other countries around the world.

In a home solar power system, the energy storage system can take up a very large portion of the cost. China's solution is a two-way power supply with mutual sales.

When the solar panels produce more power than your current usage, the system feeds the excess power into the public grid and the utility company buys that surplus power. When your current usage exceeds the amount of electricity generated by the solar panels, the system automatically uses electricity from the public grid to supplement it, and you purchase the electricity from the power company. The system automatically consolidates the final difference to account for the cost.

This approach does not require the purchase of a larger energy storage system (just a very small emergency storage system). This will result in very large savings. At the same time, it maximizes the optimal distribution of power. However, it requires an advanced power management system from the power company.

Some families in China who are in a position to do so are using this method. They don't have to pay for electricity, and they often get the settled profit from the power company. However, there are very few places in China where home solar systems can be built.

 

[PakAl]

It is not clear to me why Pakistan does not bring in “National Grid” to help build and manage the power system.
State Grid is the world's largest utility company, ranked No. 3 on the Fortune 500 list for 2024. It operates and manages electricity businesses in China and many other countries around the world.

In a home solar power system, the energy storage system can take up a very large portion of the cost. China's solution is a two-way power supply with mutual sales.

When the solar panels produce more power than your current usage, the system feeds the excess power into the public grid and the utility company buys that surplus power. When your current usage exceeds the amount of electricity generated by the solar panels, the system automatically uses electricity from the public grid to supplement it, and you purchase the electricity from the power company. The system automatically consolidates the final difference to account for the cost.

This approach does not require the purchase of a larger energy storage system (just a very small emergency storage system). This will result in very large savings. At the same time, it maximizes the optimal distribution of power. However, it requires an advanced power management system from the power company.

Some families in China who are in a position to do so are using this method. They don't have to pay for electricity, and they often get the settled profit from the power company. However, there are very few places in China where home solar systems can be built.

Corruption, nepotism, bribery, unprofessionallism is the name for our leadership. Alot is possible if only qualified professional people are in charge.