Daily Times

KARACHI: Pakistan Tehreek-e-Insaf (PTI) leader Jahangir Khan Tareen’s JDW Group intends to set up a 50 MWp solar PV power project in Sindh aiming to sell the generated electric power to K-Electric.

In this regard, JDW Group’s subsidiary Gharo Solar (Private) Limited (GSPL) has applied to the National Electric Power Regulatory Authority (Nepra) for grant of generation license to the GSPL for its 50 MWp solar PV power project at Deh Ghairabad, Mirpur Sakro, and District Thatta in Sindh. The electric power generated from the generation facility of GSPL shall be sold to K-Electric and dispersed to the load center of K-Electric. The project shall be exclusively selling all energy generated to K-Electric Limited under a 25- year Energy Purchase Agreement (EPA).

JDW Group is also the main sponsor of the 18 MWp Harappa Solar Project, which is the first private sector solar independent Power Producer (IPP) in Pakistan and also first with single-axis tracking. Windforce (Private) Limited, a pioneering Sri Lankan renewable energy generation company, and Norwegian developer and financier of solar PV parks, Norsk Solar AS are also the key sponsors of the said facility. GSPL was issued a Letter of Intent (LoI) by K-Electric for initial development of the planned 50MWp solar PV power plant and subsequently executed a term sheet with KE for continued development of the proposed project. According to the company, the project shall supply much-needed, affordable renewable energy to K-Electric’s grid network spanning Karachi and surrounding areas of Sindh and Balochistan and shall enable continue the process of diversification of its sponsors into the power sector.

The company said since Nepra has discontinued upfront tariff regime, GSPL took the initiative of submitting an innovative and competitive tariff petition to Nepra, which is in final stages of processing.

Published in Daily Times, January 30^th 2018.