A good news for all Pakistanis. According to a press
release, the company Enertech — a Kuwaiti shareholding company fully owned by
National Technology Enterprises Company (NTEC) provided lowest tariff
determined for Independent Power Projects in the history of Pakistan.
Enertech Chief Executive Officer Abdullah Al-Mutairi
congratulated NEPRA, government of Balochistan — especially Chief Minister Jam
Kamal — on achieving the breakthrough. The CEO hailed support of the CM for
unlocking the potential of the province.
Al-Mutairi assured his commitment to bring significant
investment in renewable energy and water sectors in Pakistan. He also announced
Enertech’s upcoming goal of developing solar power projects near Lasbela and
Kharan.
The company has provided a solar energy project with
National Electric Power Regulatory Authority (NEPRA) in Balochistan by breaking
record of providing lowest tariff of $3.76/kWh for its 500 MW project.
The maiden renewable project in Balochistan will
create investor friendly environment in the province having immense renewable
energy potential, according to the press release. It further added that
achieving lowest tariff is the outcome of resource rich province, engineering
efforts and commitment of Inner-Tech to lower down prices of the energy to
international averages.
“The initiative of setting up solar power projects in
Balochistan would open doors for prospective investors,” said Enertech Pakistan
CEO Yasir Malik.
He added that the company was committed to harnessing
renewable potential of Balochistan aiming to develop it into the ‘Renewable
Energy Hub of Pakistan’.
For more solar related projects, click here.
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