Pakistan Tehreek-e-Insaf (PTI) government and World Bank on Wednesday signed a financing agreement worth US$100 million for “Sindh Solar Energy Project” with the objective to increase solar power generation and access to electricity in Sindh Province.
Utility-Scale Solar includes development of solar parks to support private sector investment and launching of Pakistan’s first competitive bidding for solar power production, starting with an initial 50 MW pilot solar auction.
Provision of Solar Home Systems to 200,000 households in areas with low or no electricity access.
The total cost of the project is US $ 105.0 million. The International Development Association (IDA) will extend financing of US $ 100.0 million for the project and Government of Sindh will contribute US $ 5.0 million.
Noor Ahmed, Secretary, Economic Affairs Division (EAD) signed the Financing Agreement on behalf of the Government of Pakistan while Musadiq Ahmed Khan, Secretary Energy Department, Government of Sindh, signed the Project Agreement on behalf of Government of Sindh. World Bank Country Director Patchamuthu Ilangovan signed the Financing and the Project Agreements on behalf of International Development Association.
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17 November, 2019