Islamabad: The government of South Korea will give Pakistan a solar plant on the 40th anniversary of the establishment of its bilateral relations with the country, news sources reported on November 16.
The solar power plant will be built as part of the South Korean Economic Development Cooperation Fund (EDCFG) for developing nations. In this respect, a memorial service will be conducted in Islamabad at the South Korean embassy under the topic ‘The Role of EDCF in Promoting Renewable Energy’.
According to a statement issued by its consulate, South Korea is focusing on ‘climate change response’ and is working to increase the share of green energy to 21.6% by 2030. The South Korean government is concentrating on the world’s first commercialization of next-generation solar power technology as well as the advancement of the domestic value chain in the wind power industry. This will serve as a bridge between advanced and developing countries in various climate negotiations for greenhouse gas reduction and adaptation to climate change.
It is vital to note that in Pakistan, renewable sources (wind, solar, and biogas) account for around 10.57 % of total installed power production capacity (in 2020), with hydroelectricity accounting for the overwhelming share. The government intends to diversify its energy mix away from fossil fuels by including a 20% shift to renewable energy by 2025, and increasing it to 30% by 2030.
Nauman Ahmad is an imaginative Pisces whose love for literature and nature is unparalleled. When he's not reading or hiking, he's sleeping and eating, which gives him plenty of energy for his next adventure.
