Renewable

January 30 (Renewables Now) - Pakistani firm Gharo Solar Pvt Ltd is seeking approval to develop a 50-MWp solar project in Sindh province.

The company has already applied for a generation licence with Pakistan’s National Electric Power Regulatory Authority (Nepra), according to documents on Nepra’s website.

If approved, the scheme will involve the installation of 154,224 photovoltaic (PV) modules of 325 Wp, to be supplied by China’s Phono Solar. The modules will have an efficiency of 16.7%. Inverters will be provided by Chinese company Sungrow Power Supply Co Ltd (SHE:300274).

The proposed plant is expected to be commissioned in June 2019, generating power for local utility K-Electric. Gharo Solar estimates the total cost of the project at USD 43.75 million, some USD 32.8 million (EUR 35.2m) of which will be financed with debt, while USD 10.9 million will be equity.

Pakistan’s Sindh province will become the stage for a tender for 50 MW of solar projects. The tariff-based competitive auction will be held with the help of the World Bank.

(USD 1.0 = EUR 0.805)

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