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

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.

This article requires Premium SubscriptionBasic (FREE) Subscription

Unlock unlimited access for 12 whole months of distinctive global analysis

Photovoltaics International is now included.

  • Regular insight and analysis of the industry’s biggest developments
  • In-depth interviews with the industry’s leading figures
  • Unlimited digital access to the PV Tech Power journal catalogue
  • Unlimited digital access to the Photovoltaics International journal catalogue
  • Access to more than 1,000 technical papers
  • Discounts on Solar Media’s portfolio of events, in-person and virtual

Or continue reading this article for free

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

May 8, 2024
London-headquartered renewables developer Oracle Power has begun feasibility studies for a 1.3GW solar, wind and battery energy storage system (BESS) project in Pakistan.
March 13, 2024
JA Solar has signed memoranda of understanding with three Pakistani companies to supply 600MW of n-type PV modules.
February 1, 2024
Norwegian renewable energy developer Scatec has started commercial operation of 150MW solar PV plants in Pakistan.
August 15, 2023
SJVN will build and operate a new 90MW floating solar project in the Omkareshwar Floating Solar Park in the Indian state of Madhya Pradesh.
July 24, 2023
Indian state-owned utility SJVN will develop 1.2GW of solar PV projects to supply power to the Punjab State Power Corporation Limited.
April 20, 2023
Renewables developer Oracle Power PLC has signed a cooperation agreement with Chinese state-owned energy company PowerChina to jointly develop a 1GW solar PV project in Pakistan.

Subscribe to Newsletter

Upcoming Events

Upcoming Webinars
July 31, 2024
1:00 PM (BST) / 2:00PM (CEST)
Solar Media Events
September 24, 2024
Warsaw, Poland
Solar Media Events
September 24, 2024
Singapore, Asia
Solar Media Events
October 8, 2024
San Francisco Bay Area, USA