June 14 (Renewables Now) - Pakistani power sector regulator NEPRA is considering to grant a generation licence to local developer Engro Energy Limited for four solar photovoltaic (PV) farms totalling 200 MW in the province of Balochistan.
NEPRA admitted on Wednesday four applications for the proposed projects, named Kuchlak-I, Kuchlak-II, Kuchlak-III and Kuchlak-IV, of 50 MW each. According to the filings, Engro Energy plans to invest a total of USD 144 million (EUR 127.8m) in the four farms and finance them with a combination of debt and equity at a ratio of 80:20.
The next step in the process is a 14-day period during which all stakeholders and interested and affected parties will comment on the generation licences.
If Engro Energy receives all necessary approvals, the Kuchlak PV farms will be constructed near the namesake town in Balochistan and commissioned in June 2020.
(USD 1.0 = EUR 0.89)