Pakistan has become the first country to benefit from duly validated, high-quality solar maps under a global initiative, allowing it to tap into its renewable energy resources more effectively, the World Bank said in a press release on Tuesday.

The new solar maps for Pakistan were unveiled today at a workshop hosted by the Alternative Energy Development Board (AEDB) and the World Bank in Islamabad.

According to the World Bank, Pakistan is now part of a small group comprising mainly developed countries with access to sustainable and affordable sources of indigenous energy.

Read more: World's largest solar park to light up Pakistan's future

"With the costs of solar power having decreased significantly over the past couple of years, Pakistan now has the opportunity to unleash investment in solar energy without the need for subsidies," said Anthony Cholst, Acting Country Director for the World Bank, Pakistan.

"The World Bank stands ready to support the federal and provincial governments in realising this objective, alongside the support we are already providing for development of hydro-power sector reform and the strengthening of the transmission grid. It is time to realize the full potential of this clean and secure source of energy," he added.

"These new solar maps will definitely ensure qualified improvement vis-a-vis previous studies, and will underscore the tremendous solar potential that exists across Pakistan," said Amjad Ali Awan, Chief Executive Officer of AEDB.

Awan also appreciated the World Bank for its "valuable contribution" to Pakistan's "continued efforts towards scaling up of renewable energy in an affordable and sustainable manner."

Details of solar mapping project

Led by the Energy Sector Management Assistance Program, a multi-donor trust fund administered by the World Bank, the initiative will "facilitate investors in making more informed project decisions".

"The maps will help large solar power projects in obtaining commercial financing by reducing the resource risk," the press release further said.

The World Bank project on solar mapping in Pakistan includes field data being generated by nine solar measurement stations installed two years ago across the country.

"The project supports AEDB’s efforts to harness renewable energy in all the provinces by improving access to bankable data," the World Bank statement said. "The solar maps used the latest solar resource modeling techniques, based on 18 years of satellite and global atmospheric data from 1999-2016."

Follow Dawn Business on Twitter, LinkedIn, Instagram and Facebook for insights on business, finance and tech from Pakistan and across the world.

Opinion

Editorial

‘Source of terror’
Updated 29 Mar, 2024

‘Source of terror’

It is clear that going after militant groups inside Afghanistan unilaterally presents its own set of difficulties.
Chipping in
29 Mar, 2024

Chipping in

FEDERAL infrastructure development schemes are located in the provinces. Most such projects — for instance,...
Toxic emitters
29 Mar, 2024

Toxic emitters

IT is concerning to note that dozens of industries have been violating environmental laws in and around Islamabad....
Judiciary’s SOS
Updated 28 Mar, 2024

Judiciary’s SOS

The ball is now in CJP Isa’s court, and he will feel pressure to take action.
Data protection
28 Mar, 2024

Data protection

WHAT do we want? Data protection laws. When do we want them? Immediately. Without delay, if we are to prevent ...
Selling humans
28 Mar, 2024

Selling humans

HUMAN traders feed off economic distress; they peddle promises of a better life to the impoverished who, mired in...