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Scatec reaches financial close for its first project in Pakistan
"Sukkur" project portfolio located in the province Sindh, southeast in Pakistan, was awarded a "costs plus tariff" by the National Energy Power Regulatory
Feb 22, 2021 // Plants, Large-Scale, Commercial, Markets & Finance News, Scatec, Asia, Pakistan, Solar Project
Oracle Power, PowerChina team up on 1-GW solar project in Pakistan
and also coordinate ongoing negotiations with the governments of Sindh and Pakistan. "We expect functioning carefully with our companions to swiftly establish
Apr 19, 2023 // Plants, Markets & Finance News, Powerchina, Asia, Pakistan, Solar Project, Oracle Power
Pakistan gas field powered by 10 MW off-grid solar system
oil and gas company Eni has completed the 10 MW solar project at its Pakistan gas field which was announced in March. The off-grid project was built near the
Nov 22, 2019 // Plants, Large-Scale, Commercial, Grids, Asia, Pakistan, Eni
Pakistan awaits bids in 600-MWp tender for solar in Punjab
Winning bids will be thought about those with the lowest supplied tariff. Pakistan intends to make renewables represent 60% of its complete power mix by 2030.
Apr 5, 2023 // Plants, Markets & Finance News, tender, Asia, Pakistan, PUNJAB
Water Agency In Pakistan Moves To Power Disposal Stations With Solar Energy
an on the internet performance evaluation meeting of all Wasas in Punjab, Pakistan. The conference likewise went over capacity structure issues of all
Dec 14, 2021 // Plants, Asia, Pakistan, Lahore, PUNJAB, Syed Zahid Aziz, Water and Sanitation Agency, Wasa
Pakistan cement company introducing solar-plus-storage project
of energy (LCoE). Energy storage space is at an extremely beginning in the Pakistan market. Among the nation's independent transmission & circulation
Apr 6, 2022 // Plants, Asia, Pakistan, solar-plus-storage project, Noman Hasan, Lucky Cement
India plans 55 GW of renewables capacity along Pakistan border
renewable energy generation capacity along a large section of the border with Pakistan. AFP on Monday reported Anand Kumar had revealed plans for 30 GW of
Oct 22, 2019 // Plants, Large-Scale, Commercial, India, Asia, narendra modi, Anand Kumar
Land vs transmission: Dilemma with India’s 55GW Pakistan border solar and wind plans
is considering up to 55GW of solar and wind projects along the border with Pakistan where there is an abundance of barren lands. “Land acquisition has
Oct 23, 2019 // Plants, Large-Scale, Commercial, India, Asia, Vinay Rustagi, Rajasthan, gujarat, Anand Kumar
Bitcoin's 2021 Energy Use Has Already Surpassed 2020
of this year, it looks set to have actually used 91TWh of energy - as much as Pakistan. As the cost of Bitcoin boosts, even more miners with much less
Sep 13, 2021 // Blockchain, Bitcoin
Pakistani regulatory authority anticipates solar ability to strike 27 GW by 2047
Pakistan's set up PV ability will likely raise from around 1.3 GW at the end of 2019 to 12.8 GW by 2030 and also 26.9 GW by 2047, according to the Indicative Generation Capacity Expansion Plan-- IGCEP 2047, which was lately released by the National Electric Power Regulatory Authority (NEPRA). NERPA's base-case situation anticipates that general generation capability will certainly expand from 33,000 MW in 2020 to around 168,200 MW in 2047. However coal as well as hydropower will certainly still make up 36% as well as 42% of complete capability, at 32,948 MW and also 55,836 MW, specifically. By 2030, the share of wind and also solar in the total power mix will likely boost from regarding 3% in 2020 to 23%. "Beyond 2030, share of solar and also wind plants lowers because of the rise in the variety of brand-new regional coal-based plants having better ability aspects," NERPA claimed. Nevertheless, it likewise recognizes that wind and also solar are ending up being the most inexpensive types of brand-new electrical power generation. "They are readied to change the traditional gas to wonderful level for power generation to satisfy the future need development," NEPRA claimed. "The more affordable and also extensively easily accessible renewable resource has the prospective to significantly lower the integrity of power industry on costly imported gas." The company additionally forecasts that solar energy plant capex in Pakistan will certainly go down from $530/kW in 2020 to $371/kW by 2030. A worldwide expectation record that was just recently released by SolarPower Europe likewise forecasted that Pakistan will certainly release near to 5 GW of solar capability by 2022.
May 4, 2020 // Markets & Finance News, Asia, Pakistan, NERPA
Pakistan’s Nepra mulls another 50 MW of solar
Pakistan’s National Electric Power Regulatory Authority (NEPRA) has received an application for a 50 MW generation license from Artistic Solar Energy (Private) Limited. According to the documentation submitted, Artistic Solar intends to install a PV plant in Saleh Pat in the district of Sukkur, in the Sindh region. Should the plant be granted a license, it will start commercial operation by 2021 and the electricity generated will be sold to the Central Power Purchasing Agency (Guarantee) Limited. The estimated project costs are $45 million, with $36 million provided by debt financing and $9 million as equity. The energy tariff to be paid for the solar power generated has not been determined. The Renewables Readiness Assessment: Pakistan report produced by the International Renewable Energy Agency (IRENA) in April predicted the nation’s renewables market will eventually widen to include unsolicited project applications to NEPRA but it has not done so yet. The regulator has set in motion a process to establish competitive bidding auctions. Tariff options For unsolicited projects, asset owners can opt for either “cost-plus” or “upfront tariffs”. In each instance NEPRA determines “the technical and financial parameters for capital and operating expenditures and applies a rate of return on equity”, according to the IRENA report. Under cost-plus, a project owner files a proposed tariff which the regulator will review and adjust if necessary. The upfront tariff involves NEPRA and other relevant agencies predetermining tariffs for specific project types and inviting industry representatives and experts to comment before setting a final feed-in payment. In each case the tariff will apply for 25 years. In January, for example, the Javed Solar Park filed an application for the 25-year tariff for a 49.5 MW solar plant. The company proposed a tariff of $0.0855/kWh for the first 11 years, $0.0565 for the next two years and $0.02969 for the remainder of the contract. The levelized tariff would be $0.07145/kWh, according to an announcement made by NEPRA. For projects with a generation capacity of 50-100 MW, the tariff has come down from $0.14/kWh to $0.05. The global outlook report produced by PV industry body SolarPower Europe has predicted Pakistan will see close to 5 GW of solar generation capacity installed by 2022, up from around 1 GW at present.
Sep 1, 2019 // Plants, Large-Scale, Commercial, Residential, Tariffs, Asia, IRENA, NEPRA, Pakistan, Artistic Solar Energy (Private) Limited, Central Power Purchasing Agency (Guarantee) Limited, Javed Solar Park, South Asia
UAE tidy energy company gets $50m financing for solar projects
be used to develop solar energy plants, with crucial emphasis on Jordan and Pakistan. Yellow Door Energy currently has over 110 megawatts of solar assets
Nov 27, 2020 // Markets & Finance News, Asia, UAE, solar projects, Arab Petroleum Investments Corporation, Ahmed Ali Attiga, Jeremy Crane
Chinese investment in renewables triples under Belt & Road initiative
to see what five years of equity investment in solar made possible.” Pakistan benefits Of the 12.6 GW of renewables capacity to be funded by
Jul 30, 2019 // Plants, China, Tata Mustasya, NGO, Liu Junyan, Wang Yan, Asia
Yellow Door Energy elevates USD 400m to fund company strategy
as 104 MW awarded and incomplete. The business is active in the UAE, Jordan, Pakistan, Saudi Arabia, Bahrain and also South Africa, maintenance over 50 business,
Oct 13, 2022 // Markets & Finance News, Jeremy Crane, Yellow Door Energy
Active cooling for PV modules in floating arrays
carried out for a theoretical floating PV plant set up on Mangla Dam Lake in Pakistan. The cooling block-- which can be loaded with a low-cost, 15.6 W business 12
Sep 15, 2020 // Technology, Manufacturing News, Floating PV, floating PV, JinkoSolar, Asia, Pakistan, cooling