The retail and shopping culture in Lahore will experience a new trend in the coming months.
The Nishat Group’s Nishat Emporium, which is expected to open in May 2016, will not just house retail brands and cater to the growing shopping needs of consumers, it will also feature solar panels that would serve as back-up power for the Rs22-billion complex.
The management commissioned a German company to install the panels, while incentivising retailers through competitive electricity tariffs, effectively trimming the cost of doing business.
“The [saturated market]situation in Europe is compelling existing retailers to look for new markets and Pakistan could be their possible destination,” Kim Culley, the centre’s manager, said. “We are also in talks with British High Commissioner to convince retailers to invest in Pakistan,” Kim added.
Such malls are expected to enhance government coffers in the shape of taxes.
When photons hit a solar cell, they knock electrons loose from their atoms. If conductors are attached to the positive and negative sides of a cell, it forms an electrical circuit. When electrons flow through such a circuit, they generate electricity. Multiple cells make up a solar panel, and multiple panels (modules) can be wired together to form a solar array. The more panels you can deploy, the more energy you can expect to generate.
Determining the size of your solar energy system starts with a simple question: How many solar panels do I need? As most people want to produce enough energy to completely eliminate their electricity bill, the first step is determining what size solar system will produce enough power to meet your household consumption levels. Ultimately, you will be calculating how many kilowatt-hours of power you will need and finding the correct system size and number of solar panels to power your house.
“The government has actually earned close to Rs80 million due to our efforts,” said Head of Leasing Nishat Emporium Ahmad Khan.
Regarding the shopping complex, Culley said efforts have been made to provide a good experience to shoppers.
The structure will offer features similar to those offered in other mega malls in Lahore, Karachi or Islamabad like food-court, a cinema house, children recreation centre, a hypermarket and off course retail shops for local and global brands.