Engro Energy Limited has applied to Pakistan's National Electric Power Regulatory Authority (NEPRA) for a generation license for four 50 MW solar farms to be located in Balochitan province.
The four solar power plants of 50 MW each, namely Kuchlak-I, Kuchlak-II, Kuchlak-III and Kuchlak-IV have a total investment of US$144 million. The facilities are expected to achieve commercial operation date (COD) by June 2020.
The project financing would be based on a debt to equity ratio of 80:20.
Country updates
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March 14, 2019
Pakistan’s first HVDC transmission line on financial close
Pakistan has announced the financial close of its first-ever High Voltage Direct Current (HVDC) 878 km Matiari-Lahore transmission line project. The project, which falls under the portfolio of the Chi...
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March 12, 2019
Eni starts construction works at two solar PV projects in Pakistan and Tunisia
Eni has begun the construction of two new solar photovoltaic projects in Pakistan and Tunisia. The Pakistan plant will be built in close proximity to the Bhit gas field at which Eni is the operator wi...
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January 10, 2019
World Bank signs US$100 million financing to support solar energy in Pakistan
The World Bank has signed a financing agreement worth US$100 million to support the deployment of solar power in Sindh, a province in the south-east of Pakistan, spanning three mar...
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July 20, 2018
Vopak buys 29% in Pakistan's first LNG import facility
Engro Corporation Ltd, (Engro Corporation) of Pakistan and Royal Vopak has signed a Share Purchase Agreement whereby Vopak will acquire a 29% share in the 4.5 MTPA LNG facility at Port...
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July 06, 2018
Lucky Cement closes on Port Qasim coal-fired
It has been recently announced by Lucky Cement that the company has achieved financial close on its 660 MW Lucky Electric Coal Power Project, which is based on Thar coal.
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