Recently I came across the news that the Asian Development Bank (ADB) has approved an $850 million multi-tranche financing facility to develop Pakistan’s power transmission system, improve the quality of the existing energy infrastructure and meet the increasing demand for electricity.

Although, a sustainable and reliable power sector is critical to the wellbeing and economic growth of a country, the allocation of such financing facilities in Pakistan still needs to be diversified to include solar and other renewable power technologies. Infrastructure development shall further support more promising models like net-metering of solar energy, which allows the roof-top solar powered homes and businesses to sell surplus energy to the grid.

Net-Metering can supplement the grid with additional power that shall help reduce the gap between electricity supply and demand, the cost of energy for the consumers, while also decreasing the load on transmission and distribution system.

This way, all available rooftops, premises and open spaces can be converted into solar generators benefitting both the owners and the local power utilities. After discussing such financing facilities with the solar power specialists at Reon Energy Limited, I was pleased to know that solar power technologies are now becoming increasingly viable for producing cheap and abundant electricity and can be set up in less than 3 months. The sun beams enough energy onto earth in an hour that can satisfy the global energy needs for a year. I urge the relevant authorities to allocate a sizeable portion of ADB’s multi-tranche financing to invest in renewables and to promote more efficient distribution models like net-metering.

An energy enthusiast

AMMAR MUZAFFAR,

Karachi, September 20.