Govt. focusing on promoting Solar Power in the country In light of the recent volatility of oil prices in eration, the government has shifted its focus to ergy especially at Sindh coastal areas which the market and the increasing trade deficit, the utilization solar energy for power generation have the potential of producing thousands of due to the use of imported fuel for power gen- in the country. megawatts of clean energy. The government plans to generate 10,000 megawatts of electricity and reduce dependence on imported fuel. In the first phase, government buildings, electric and diesel-powered tube- wells and low-unit household consumers will be provided with solar power. It is expected that the solarization of government buildings will save up to 2000 MW of electricity every year. In this regard a robust policy has also been unveiled by the government to entice the in- vestors towards solar power. Some important points about this policy are: (i) single stage, two- envelope bidding; (ii) straight line tariff; (iii) 70 percent indexation of tariff; (iv) benchmark tar- iff by Nepra; (v) guaranteed purchase of power; (vi) land and interconnection to be provided by GoP; (vii) exemption on all import related duties and taxes; (viii) existing EPA & IA will be used; (ix) Commercial Operation Date (COD) within 12 months of Energy Purchase Agreement (EPA); (x) term-25 years on BOOT basis; (xi) 11.15 percent income tax; and (xii) payment guaranteed on 60th day after invoice through bank default. The government will also promote wind en-
Search
