KARACHI: A Norwegian energy entity is seeking tariff approvals for its 150 megawatts peak (MWp) solar plants from Nepra.
It has approached National Electric Power and Regulatory Authority (NEPRA) seeking tariff approval of 5.9574 cents/kilowatt-hour (kWh), which is 37 percent lower, set by the regulator in 2016 and 45 percent less than 2015.
Scatec Sukhur BV is executing these three solar power projects and is an arm of renowned solar energy provider, Scatec Solar of Norway. The projects are expected to be setup at a cost of $150m, with three plants of 50 MWP capacities being established in Sindh.
These are expected to come online by end of 2018 and are expected to cost $48million each. Scatec Sukkur is working in a joint venture with Nizam Energy Ltd to establish these solar photovoltaic stations.
According to an analyst, it is essential for Pakistan to find cheap energy sources for sustainable growth and one of those is solar power generation.