Govt awards licences to foreign firms for renewable energy projects

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The government has awarded generation licences to two foreign firms for setting up wind and solar power plants in Sindh, National Electric Power Regulatory Authority (Nepra) documents showed.

The two companies, ENI New Energy Pakistan and Burj Wind Energy, have been given the license to set up the 10 MW solar and 13.8 MW wind power plants respectively.

ENI will set up the solar plant at Bhit Gas Plant, Taluka Sehwan, District Jamshoro at the cost of approximately $10 million and will be financed through equity contributions of the sponsors: ENI International BV, ENI Oil Holdings BV and ENI Pakistan Limited with 99.98 percent, 00.01 percent and 00.01 percent, respectively.

The wind power plant by Burj Wind Energy will be located at Gujju, District Thatta and will cost approximately $19.903 million. 

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