Catalyst Energy aims to complete 100MW Pakistan solar project this year

Share on facebook
Facebook
Share on twitter
Twitter
Share on linkedin
LinkedIn
Share on reddit
Reddit
Share on email
Email
Flickr: Nicolas Raymon

Lahore-based firm Catalyst Energy has applied for a generation licence relating to a 100MW solar plant in Pakistan.

The firm had planned to commission the US$156 million project, located at Quaid-e-Azam Solar Park (QASP) at Christian, Punjab, by October this year.

The Middle East Solar Industry Association (MESIA) confirmed in its latest report that a total of 300MW is already under construction at the QASP.

Catalyst's project will be financed on a non-recourse project finance basis under a 75:25 debt to equity ratio. Out of the budget, a total of US$140 million is expected to go towards EPC costs.

Pakistan’s National Electric Power Regulatory Authority (NEPRA) received the latest application from Muhammed Sohail Khan, CEO of Catalyst Energy, which included a development timeline:

  • Feasibility study approved – July 2015
  • Generation licence resubmission – November 2016
  • Upfront tariff approval resubmission – November 2016
  • Signing of EPA/IA – December 2016
  • Financial Close – December 2016
  • Project commissioning date – October 2017

The project has a land allocation of 202 hectares. An interconnection study has been submitted, with expectations for the project to be connected at a voltage of 132kV to the existing network of the power purchaser.

On year one the plant will supply 153GWh to the grid. Taking degradation into account, it will also supply more than 3,500GWh over its 25-year lifetime.

Projects of up to 100MW capacity in Pakistan are eligible for a Feed-in-Tariff (FiT) subsidy, the rates of which were revised last year.

This week a Canadian government entity, the Canadian Commercial Corporation (CCC), signed a memorandum of understanding (MoU) with the government of Pakistani province Khyber Pakhtunkhwa (KP) to cooperate on up to 1GW of solar energy projects in the region.

Read Next

March 23, 2021
Scatec has unveiled a NOK 100 billion (US$11.7 billion) plan that will see the company expand its renewables portfolio to 15GW over the next four years.
March 23, 2021
LONGi Solar has taken its confirmed solar module orders from Pakistan this year to 500MW, the majority of which it said were for its Hi-MO 5 series.
March 8, 2021
JinkoSolar has secured an agreement that will see its Tiger and Tiger Pro 530 / 535W modules be marketed and distributed in Pakistan throughout 2021.
December 3, 2019
With Pakistan's water reserves fast depleting, floating solar will be key to conserving resources and producing cheap energy, said power minister Omar Ayub Khan.
June 13, 2019
Engro Energy applies for a license to build four solar PV projects along the Quetta-Chaman Highway in Balochistan.
April 4, 2019
Reports that twin 30%-by-2030 targets near adoption emerge after country was singled out by energy experts for doubling PV capacity in a single year.

Subscribe to Newsletter

Upcoming Events

Upcoming Webinars
January 26, 2022
Free Webinar
Solar Media Events
February 23, 2022
London, UK
Solar Media Events
March 8, 2022
London, UK
Solar Media Events
March 23, 2022
Austin, Texas, USA
Solar Media Events
March 29, 2022
Lisbon, Portugal