Chinese new energy equipment provider appeared at the Solar Energy Meet (ISEM) exhibition this week, says a report published by Gwadar Pro on Saturday.
The ISEM was held at the Lahore Expo Centre in Pakistan. PROJOY Electric Co., Ltd., the first Chinese company focusing on providing DC isolation switches, miniature circuit breakers, DC surge protector, rapid shutdown, and smart electricity meters for the field of optical energy storage system, participated in the exhibition in collaboration with local partners, which was also the first official appearance of Projoy in Pakistan.
ISEM includes two sections, exhibition and summit, providing an ideal communication platform for participants and attendees, where industry experts, manufacturers, users, etc. gather to have a dialogue, share their knowledge, discuss current challenges and business opportunities, formulate market strategies, and jointly explore solutions to shape the future of the solar industry. A Projoy manager told Gwadar Pro in an interview that in this exhibition, Projoy exhibited classic products such as miniature circuit breaker, electrical box, surge protector, etc., especially non-polarized miniature circuit breakers that have attracted customer attention.
Pakistan is located in the tropics and has the excellent light condition, with eight to nine hours of sunshine per day, which means ideal climatic conditions for solar power generation. Moreover, Pakistan is the fifth most populous country in the world and has a huge demand for electricity. Besides, Pakistan has strong policy support for the development of clean energy, and Pakistan promised at the Leaders’ Climate Summit that by 2030, clean energy use will account for 60 percent.
Therefore, the new energy industry, which is still in its infancy in Pakistan, has a great potential for development. It is estimated that by 2030, Pakistan’s photovoltaic installed capacity will reach 12.8GW, and by 2047 this figure will reach 26.9GW, providing a broad market for the development of the PV industry. “The development of solar and wind power generation will enhance Pakistan’s security of electricity supply and put Pakistan at the forefront of the global energy transition,” emphasized Najy Benhassine, the Country Director for Pakistan for the South Asia region at the World Bank.
Entering the Pakistani market, Projoy will provide customers with quality products and services to help local PV projects achieve safe, stable and efficient operation. “In an emerging new energy market like Pakistan with huge opportunities, the entry of more new energy companies means getting rid of the predicament of the backward energy structure, embracing a greener future, and laying a solid foundation for the high-quality construction of the China-Pakistan Economic Corridor.”