- Punjab minister says renewable energy will reduce cost of doing business, promote industrialization and encourage investment
LAHORE: The three-day 8th edition of ‘Solar Pakistan’ and 2nd edition of ‘Electricity Pakistan’ commenced on Thursday under one umbrella of ‘International Exhibition for Renewable Energy’. The mega solar industry show, which was organised by the FAKT Exhibitions, will last till Saturday, March 30.
Punjab Industries, Commerce and Investment Minister Mian Aslam Iqbal inaugurated the historic solar show along with Lahore Chamber of Commerce and Industry President Almas Haider and FAKT Exhibitions CEO Saleem Khan Tanoli.
The minister on the occasion observed that Pakistan has the potential to generate 2.9 million megawatts of clean energy annually from solar, 340,000 megawatts from wind and 100,000 megawatts from hydropower resources.
He said renewable energy would bring manifold benefits to the national economy as it would reduce the cost of doing business, promote industrialization, encourage investment, create plenty of new jobs and enhance exports.
He said that in the present situation, a fusion of domestic renewable generation and power storage technology seems to be an expeditious, efficient, and affordable answer, which can also cut the costs incurred in the expansion, operation and maintenance of the power infrastructure.
Mian Aslam Iqbal appreciated the organizers for holding such a mega exhibition for renewable energy, developing into a major platform for solar industry. He hoped the event would employ the best practices that are recognized worldwide to compete on international standards.
FAKT Exhibitions CEO Saleem Khan Tanoli stated that more than 100 exhibitors have showcased their products from over 10 countries, including China, Indonesia, Thailand, Malaysia, Germany, Korea, Italy, Turkey, Taiwan, United Arab Emirates, Pakistan and the USA.
The CEO said that the exhibition has provided the latest and state of the art technology and equipment used in the solar industry. He added that Solar Pakistan 2019 is a premium platform for all renewable energy stakeholders, government regulators, associations and academia to enhance business networking, share knowledge and build profitable relationships in the long run.
