EEL plans to sell the power to the Central Power Purchasing Agency. Credit: Flickr: Beluchistan
Pakistan’s National Electric Power Authority (NEPRA) has received four applications relating to 200MW of solar PV projects along the Quetta-Chaman Highway in Balochistan.
Karachi-based firm Engro Energy (EEL) wants to build four 50MW projects at Kuchlak, each with just under 150,000 solar modules of 335Wp rating and installed on single-axis trackers.
Each project, to be completed by June 2020, is set to cost US$36 million, financed by 80% debt and 20% equity.
EEL plans to sell the power to the Central Power Purchasing Agency (CPPA) for a contracted period of 25 years. The company had obtained a letter of intent from Balochistan Power Development Board back in February.
Pakistani targets for 30% of its power mix to come from large-scale hydropower and another 30% from PV, wind and other renewables by 2030 now stand closer to adoption, as reported by PV Tech in April this year.