Power Division Dismisses Rumors on Imposing Fixed Tax on Solar Power

The Power Division has recently issued a statement dismissing rumors about the imposition of a fixed tax on solar power. The news circulating on various media platforms suggested that individuals using solar power systems might be subject to a new fixed tax by the government. However, the Power Division has clarified that such claims are baseless and no summary regarding a fixed tax on solar power has been submitted to the government.

The clarification came after speculation

The clarification came after speculation caused concern among solar power users and investors in renewable energy sectors. The Power Division emphasized that the government is committed to promoting renewable energy sources as a part of its sustainable development goals and is not considering any measures that would undermine the growth of the solar power industry.

The Power Division’s statement has provided relief

Furthermore, the Central Power Purchasing Agency (CPPA), which plays a crucial role in the energy sector, has not proposed any such tax to the government. The Power Division’s statement has provided relief to stakeholders who are looking to invest in or currently use solar energy systems.

The Power Division has reiterated its support for green energy initiatives

The Power Division has reiterated its support for green energy initiatives and has encouraged the use of solar power as an environmentally friendly and cost-effective energy solution. The government’s stance on encouraging renewable energy aligns with global efforts to combat climate change and reduce reliance on fossil fuels.

Maintaining the trust of domestic and international investors in Pakistan’s energy sector.

This announcement is important for maintaining the trust of domestic and international investors in Pakistan’s energy sector. It also reaffirms the government’s policy direction towards supporting renewable energy as part of Pakistan’s long-term energy planning.

The growth of clean energy

Solar power users and those interested in adopting renewable energy can rest assured that the Power Division is facilitating, rather than hindering, the growth of clean energy. The clarification ensures that the path towards a more sustainable and energy-secure future remains unobstructed.

For the latest updates on energy policies and developments in the renewable energy sector, stay tuned to our news section.

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