Solar power firms seek Nepra for generation tariff

Two solar power producers have approached the National Electric Power Regulatory Authority (Nepra) seeking generation tariff for their facilities of 50MW each, proposed to be setup in Khyber Pakhtunkhwa with a cumulative investment of $100 million approximately.

By Our Correspondent
October 23, 2018

KARACHI: Two solar power producers have approached the National Electric Power Regulatory Authority (Nepra) seeking generation tariff for their facilities of 50MW each, proposed to be setup in Khyber Pakhtunkhwa with a cumulative investment of $100 million approximately.

Kulachi Solar Power Pvt Ltd having H1 Holdings South Africa, Atlantic Energy, Target Energy and Alternative Grid North Africa on its back intends to setup a 50MW solar power plant in KP with an investment of $48.75 million. The company has proposed a levelized generation tariff of US cents 7.6314/kWh. The debt to equity ratio is 75:25 and the sponsors have obtained expression of interest from Kfw DEG, Germany for 100 percent debt requirement of the project. The project company has engaged three different international third-party security advisors, namely Frontier Services Group (FSG), OGM International and SRM Intelligence and Risk Consulting. These companies have relevant knowledge and have presence in KP, to prepare a master security plan for the project.

Similarly, Saudi-based FAS Energy Pakistan plans to develop a 50MW solar power plant in KP with an investment of $49.77 million.