Why is the Pakistani market attractive for German Solar business?
Pakistan is currently facing a historical energy crisis – energy requirements about 5,000 to 7,000 MW are missing. Constant power outages for several hours a day for households as well as for industries result for the Pakistani economy in a deficit of about 2 percent of GNP. Pakistan`s energy mix (primary energy supplies comprises of Gas 48.22%, Oil 32.47%, Hydro Electricity 11.03%, Coal 5.98%, Nuclear Electricity 1.68%, LPG 0.48% and Imported Electricity 0.14%) is not sufficient to meet the domestic energy demand. Oil must be expensively imported and gas reserves are already used up. Domestically, Pakistan’s solar manufacturing sector has so far struggled to meet demand, producing just 10 MW of local PV content in 2014.