Why to invest in Pakistan's Alternate or Renewable energy sector

As it is clear from the solar and wind resource maps posted earlier that this region similar to other central and south asian regions has a very strong potential of Renewable Energy. One of the unique aspect of why someone to invest in Pakistan in this sector as compare to other countries is the big Electricity shortfall and due to which utilities are unwillingly go towards load shedding. The other attractive aspect of Pakistan is the availability of cheap labor which can financially support the investors for quick returns. Now the Government which is recently elected in Pakistan has sincerely (as compare to previous Governments) prioritized the issue of the electricity short fall in Pakistan which is between 3000 and 6000 MWs. In this regard, the recent visit of the Prime Minister of Pakistan and his development team to China invited the different energy companies to invest in Pakistan and till now a number of companies have already signed MOUs with the provincial and as well as federal Government. So this is one of the great opportunity in this period of time for the global renewable and sustainable energy market, companies, consultants and manufacturers to invest in the sector of producing energy from alternates energy systems in Pakistan

Following are some other reasons of why to invest in Pakistan set by Alternate Energy Development Board, AEDB;

(1)  Extremely Attractive/ investor-friendly Renewable Energy Policy 2006

- Wind Risk Coverage

- Buy Back Guarantee

- Liberal Political Risk Coverage

- Liberal Fiscal / Financial Incentives

- Attractive IRR

(2)  Facilitation for procurement / lease of land for wind farms provided by Alternate Energy Development Board, AEDB (unheard of in other territories around the world).

(3) Extremely cheap rates offered for land for Wind farms (Euro 7/- only per acre per year.

(4) Environmental Issues dealt with by AEDB on behalf of investors (incl. EIA and relevant Government permissions).

(5) Attractive Tariff offered.

(6) Availability of infrastructure for setting up manufacturing facilities.