How much solar power is available in Pakistan?

Approximately 50,000 MW of solar power is available in Pakistan. The most suitable locations for solar power generation are the north-eastern part of Sindh and the south-western part of Baluchistan, which receive approximately 2500 hours of sunlight for about 8–10 hours per day and 2400–2800 hours per annum.

Is solar energy a low cost option in Pakistan?

This is also evident from the reduction in tariffs of solar power in Pakistan over the years and now Indicative Generation Capacity Expansion Plan (IGCEP) also contemplates an addition of substantial quantum through Solar PV energy generation as the least cost option.

Why is solar energy important in Pakistan?

Nature has blessed Pakistan with enormous renewable energy potential which can be utilized for power generation and to meet energy needs of the country. Amongst RE resources, Solar energy resource is the only one that is available all across the country.

How to establish fuel substitution capacity in Pakistan?

Such fuel substitution capacity shall be established in IPP mode through a competitive bidding or G2G process. Project land shall be acquired by NTDC and provided to the project sponsors on lease by the Government of Pakistan through AEDB. Grid Interconnection will be provided by NTDC. Term of the project shall be 25 Years on BOOT basis.

How EPA indexed tariffs in Pakistan?

A single-stage, two-envelope bidding approach will be adopted. Fifty percent (50%) of the total tariff will be indexed on quarterly basis with Pakistan CPI up to maximum of 15%. No other indexation will be provided for the term of the project. v. Projects are required to achieve COD within two hunder (200) days from the date the EPA is signed. vi.