- The solar power energy source has gained the attention of Pakistan State Oil.
- The company PSO will shift its dependency on solar power due to loss in revenue and electricity crisis.
- The installation of an electric vehicle charging station has been carried out under the supervision of PSO.
- PSO has also shown concerns over global climate change and decided to lead the sustainable energy revolution in the country.
Recently the news has outlined that Pakistan State Oil Company is opting for solar power. Pakistan State Oil is the largest energy company in Pakistan. The company is involved in the distribution and marketing of different Petroleum Oil Lubricant products. The POL products include lubricants, petrochemicals, LPG, CNG, High-Speed Diesel, etc.
On Monday 15, March 2021, it has been decided by PSO that the solar energy source will be used to power its comprehensive network all over the country. The network includes filling facilities, storehouses, and retail outlets. The decision has been taken by the company due to less revenue being generated from on-grid electricity.
According to company officials, the PSO will shift its energy dependency on solar power due to the electricity crisis. Further, it is being said that the company is inviting proposals for connected solar power systems and their installation based on 25megawatt power generation for retail outlets. Along with that, the same solar system would produce an additional 10 megawatts for oil storehouses present in the country. However, the preparation plan of this investment model has not completed.
The government of Pakistan is providing licenses for onsite generation. This distributed energy is generated and consumed on-site and doesn’t require transmission to the grid.
The solar projects by PSO will follow the method of build-operate-transfer (BOT) investment model. Many manufacturing and assembling companies in Pakistan are choosing renewable energy sources for cheap and continuous electricity supply. Previously the captive generation was dependent on natural gas resources. Overexploitation of natural gas for anthropogenic activities has resulted in the depletion of gas reserves.
You can read similar articles regarding solar power in Pakistan – advantages and disadvantages and the rise of solar energy in Pakistan. Moreover, the news has reported that Scatec and its collaborative ally Nizam Energy have ended funding for Sukkur solar power plant project in Pakistan.
Furthermore, the installation of an electric vehicle charging station has been carried out under the supervision of PSO. Also, two more charging stations will be installed before 2022. The company stated that the PSO is preparing to meet the future need for electric vehicles by installing charging stations in the country.
The report concluded that PSO has also shown concerns over global climate change and decided to lead the sustainable energy revolution in the country.
Also, check out Why We All Should Move to Clean Renewable Energy
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