The economic development of any country depends on its industrialization to a great extent. Industrialization for developing countries is even more important for them to get their people out of the vicious cycle of poverty. All developed countries focus more on industrialization than agriculture and production of natural resources. Pakistan, as a developing country, also wants to improve the living standards of its people. This is why the government of Pakistan is working towards the development of supportive policies and incentives for industries to make the economy of the country stronger and independent.
The more we focus on the development, sustainability and expansion of industries in Pakistan, the more we help the economy of this country. Industrialization does not only help in the import and export but also with the employment rates, national income and overall living standards of the country. However, the greater the number of industries in any country, the greater will be the usage of oil, gas and other natural resources, creating a larger burden of responsibilities on the industrialists.
The costs of oil and gas have been increasing rapidly, especially after the pandemic hit the world. This has increased a good deal of strain on the industrial sector in Pakistan. With the increase in oil and gas prices, electricity has also become expensive. That is the reason why the government of Pakistan is encouraging renewable energy resources more actively now, especially after the recent power blackout. A lot of industries are getting industrial solar panels installed to not only sustain themselves but also to expand and increase their productions.
Being the top leading company in solar energy in Pakistan, EBR Energy provides solar energy solutions for industries and commercial sectors. The benefits of industrial solar panels do not only include power independence. Going solar for any industry means an investment into a brighter future. By saving up the overhead cost of your industry, you can increase your production and eventually expand your industry. All in all, it is going to help the economy of Pakistan and hence help us out in our country’s journey towards a developed establishment.
Getting solar panels installed for your industry may be a considerable investment but the government of Pakistan is trying to encourage everyone towards renewable energy resources by giving lower interest rates for solar solution loans. The State Bank of Pakistan has a financing scheme for renewable energy that you can read here.
The sun is a constant and sustained source of energy so producing power through the sunlight is one of the most efficient renewable energy mechanisms. It is also a way forward for any corporation to fulfill their CSR responsibilities. EBR Energy has a vast experience in industrial and commercial solar panel solutions. We have worked on some of the biggest solar energy projects of the country. Industries like Interloop, EMCO and Reliance have recently decided to go solar with EBR Energy.