35 RE based power generation projects with $3.5b investment completed :
3,610  members and growing...
  
  • pic1
  • pic2
  • pic3
  • pic4
  • pic4
  • pic4
  • pic4
  • pic4
   
News

35 RE based power generation projects with $3.5b investment completed :

.

35 RE based power generation projects with $3.5b investment completed :
Several fiscal and financial incentives introduced under policy to encourage private investors have resulted in completion of 35 renewable energy (RE) based power generation projects with an investment of more than US $ 3.5 billion. Several wind, solar and bagasse power projects, having a cumulative capacity of approximately 2100 MW are in different stages of development which are expected to be completed by 2022 subject to timely availability of grid network and tariff.

The government is pursuing development of renewable energy based power projects through private sector on IPP mode under Renewable Energy Policy. Sources at Energy Division on Sunday said the incentives included: no duties on import of equipment, no sales tax/income tax/withholding tax and turnover tax, repatriation of equity along with dividends freely allowed, non-residents allowed purchase of securities issued by Pakistani companies without State Bank of Pakistan’s permission, convertibility of Pak rupee into US Dollar and also protection against political risk & change in law.

Giving details of projects, the sources said 23 wind power projects of 1185.07 MW cumulative capacity are operational and providing electricity to grid. Six (06) solar projects of 430 MW cumulative capacity are operational while Six (06) sugar mill based bagasse co-generation projects of 201.1 MW capacity are also operational. The sources said several other steps are also being taken by the government to attract foreign investors which include: preparation and approval of bankable standard security agreements (Energy Purchase Agreement and Implementation Agreement) for wind, solar and bagasse co-generation power projects and conducting resource assessment of renewable energy resources in Pakistan.

The data is compiled from : https://pakobserver.net



For More Details, Please Read: https://pakobserver.net/35-re-based-power-generation-projects-with-3-5b-investment-completed/