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ISLAMABAD: Prime Minister Shehbaz Sharif has constituted a high level taskforce to prepare short-term plan to promote use of solar energy in domestic sector and conversion of government buildings to solar power. The taskforce would present its recommendations within one week.

According to a notification, issued by Secretary to Prime Minister, Tauqir Shah, in line with Prime Minister’s vision for promoting sustainable and green energy, the Prime Minister has constituted a taskforce on Solar Energy, comprising of the following: (i) Shahid Khaqan Abbasi (Convener); (ii) Dr. Miftah Ismail, Minister for Finance & Revenue; (iii) Ahsan lqbal, Minister for Planning, Development & Special Initiatives; (iv) Marriyum Aurangzeb, Minister for information & Broadcasting; (v) Khurram Dastgir Khan, Minister for Power; (vi) Musadik Masood Malik, Minister of State for Petroleum; (vii) Ahad Khan Cheema (ex-bureaucrat); (viii) Secretary Power - Secretary of the taskforce; (ix) Secretary Petroleum; (x) Chief Secretaries of Provinces; (xi) Secretaries Energy of Provinces; (xii) Bilal Kiyani; and (xiii) Omar Saleem Cheema.

The taskforce shall have the following Terms of Reference (ToRs): (i) preparation of short term plan for shifting of Government offices to solar energy; and (ii) preparation of plan for shifting the small consumers to solar energy through subsidy or concessional loans.

The taskforce shall finalize its proposals/ recommendations and place them before the Prime Minister in the shape of a presentation within a period of one week, positively. Power Division shall provide Secretariat support to the Task Force.

Copyright Business Recorder, 2022

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samir sardana Jun 12, 2022 04:47pm
Solar S,alvation - 1 GOP should allow high salaried persons earning,say USD 500000 plus,in Pakistan to INVEST in Solar,as Individuals,but in the form of an ENTERPRISE OR A BUSINESS.Then the Solar PV or Heater/Dryer project etc., can qualify for accelerated depreciation,or 100% depreciation,in the 1st year Since the power generation in the 1st year,will be less than the depreciation,there will be a tax assessed loss - which can be set off against the salary,to reduce the tax on salary,or get TDS refund. There will be at least 10000 people in the Top 5 cities of Pakistan (by population),above that threshold (as the people in senior management in all large listed companies,will have a C2C,well in excess of that number) To ensure that the direct tax revenue does not dry up - the depreciation set off,can be limited to 20% of the taxable income,and the rest can be carried forward,for 5 years.dindooohindoo
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samir sardana Jun 12, 2022 04:49pm
Solar Salvation - 2 The certification process is easy,in terms of installation certificates,photos and power generation records - so at year end,GOP will know how much power was generated,how much RFO and Gas was saved - Peak and Non Peak periods,and thus,the USD saved The salary earner can enter into an MOU with a Solar developer to maintain,secure and manage the solar sites Also,the GOP can allow such salaried people to invest as BOI (Body of Individuals) in larger solar projects,so that the business loss of the BOI can be allocated and apportioned to each individual,and the carried forward for 5 years In theory there should be NO LIMIT to offset the tax losses with salary - as the man is taking a technical risk on the project,and each such person,will do an independent appraisal of the SPV,and that will,by itself make the solar tech more popular and viable.
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samir sardana Jun 12, 2022 04:50pm
Solar Salvation - 3 OR Solar developers should develop several SPV projects in 1 SPV,and then the tax assessed loss,can be converted into DIVISIBLE TAX CERTIFICATES, WITH A PAR VALUE OF THE ASSESSED LOSS - BUT WHICH ARE TRADEABLE - AND WHICH CAN BE SOLD TO THE HIGH SALARY EARNERS,AT A DISCOUNT,TO OFFSET THE TAX ON THEIR SALARY INCOMES.THAT WAY,THE CAN IS CARRIED BY THE SOLAR DEVELOPER,WHO HAS THE TECH AND MANAGERIAL EXPERTISE,TO RUN THE SPV PROJECT Solar battery packs on rent,to retail households,in prime cities,facing 4-5 hours of power cuuts,or Mom and Pop stores,which need to power 2-3 LEDs and 1 Fan - are no brainers - as well as,mobile solar chargers in areas,where there is no Grid (to charge phones or play govtt ads and campaigns etc.).Even POS machines and Bill printing and low end printers,in retail kioks,can run on solar battery packs (besides laptops and desktops)
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samir sardana Jun 12, 2022 04:50pm
Solar Salvation - 4 SPV lanterns and Pumps in offgrid areas,with poverty,stitched with WB/ADB/DANIA/SDA/OECF/KFW/GTZ subsidies and grants,can revolutionise life in those areas (and the solar lanterns can have the photo of the Qaid or Iqbal) Once the solar capacity has scale - the Chinese SPV module maker,will "Make in Pakistan",and just import the Polysilicon. And then,in stage 3,SEZ in Pakistan will have Chinese exporting the SPv Modules (to Afghanistan and Iran - for starters).Iran has to export every drop of oil in USD and then swap that into Yuan or Gold and make power from captive (coal) or free sources (solar).Russia has shown the world that a Trillion USD of FX reserves - can be worthless in 1 second,at the click of a button.dindooohindoo
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