Solar PV Project of 600 MW Re-Tendered in Pakistan
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The government of Pakistan and the World Bank signed a financing agreement worth $100.0 million for the "Sindh Solar Energy Project" here on Wednesday, with the goal of increasing solar power generation and access to electricity in Sindh Province.
The government of Pakistan and the World Bank signed a financing agreement worth $ 100.0 million for the "Sindh Solar Energy Project" here on Wednesday, with the goal of increasing solar power generation and access to electricity in Sindh Province.
The project will support the deployment of solar power in Sindh spanning three market segments: utility scale, distributed generation, and at the household level.
Utility-Scale Solar includes development of solar parks to support private sector investment and launching of Pakistan’s first competitive bidding for solar power production, starting with an initial 50 MW pilot solar auction.
Distributed Solar includes at least 20 MW of distributed solar PV on the rooftops and other available space on and around public sector buildings in Karachi, Hyderabad and other districts of Sindh Province.
Provision of Solar Home Systems to 200.000 households in areas with low or no electricity access.
The total cost of the project is $105.0 million. The International Development Association (IDA) will extend financing of $ 100.0 million for the project and Government of Sindh will contribute $ 5.0 million.
Public funding will be used to leverage private sector investment and/or expertise in the three segments, with an emphasis on long-term sustainability, developing domestic solar PV experience, and the emergence of self-sustaining markets.
The Project will introduce and showcase international best practice with renewable energy auctions, reduce the headline cost of solar deployment, create sustainable business models for potential replication, build institutional and private sector capacity, and identify opportunities for future renewable energy deployment that address issues of grid integration.
The Project is designed to help steer Pakistan toward a lower-carbon path to development.
Noor Ahmed, Secretary Economic Affairs Division (EAD) signed the Financing Agreement on behalf of the Government of Pakistan while Musadiq Ahmed Khan, Secretary Energy Department, Government of Sindh, signed the Project Agreement on behalf of Government of Sindh.
Patchamuthu Ilangovan, Country Director, World Bank signed the Financing and the Project Agreements on behalf of International Development Association.
The Secretary, Economic Affairs Division (EAD), thanked the World Bank for extending its continuous support to Government of Pakistan in its efforts to achieve sustainable economic development in the country.
K-Electric and China Three Gorges South Asia Investment Ltd (CSAIL) have signed a memorandum of understanding (MoU) to explore renewable energy projects, including hydro, across the country, including Azad Jammu and Kashmir.
Pakistani authorities renewed the tender to develop a 600 MW solar project in Punjab. The government directed the potential solar developers to submit their proposals until October 31, 2023.
Hyderabad: The University of Sindh Jamshoro Campus is ready to shift to solar energy. The university's management has decided to transform the entire electrical system of the university to solar power.
Thar Deep, a social welfare organization, installed a 5kv solar system at Benazir District Schools Sakrand and Qazi Ahmad.
Pakistan Railways is all set to optimize its expenses in the challenging economic condition of the country by shifting its operations to solar energy.