According to reports, two local businesses have been granted licenses by the government to establish solar power plants of up to 100 megawatts at an estimated investment of $100 million.
The National Electric Power Regulatory Authority (NEPRA) approved generation licenses to two solar power plants of 50MW each. They have been given to Artistic Solar Energy (Private) Limited for a plant in Sukkur district worth $45 million and $55 million will be invested by Siddiqsons Kohat Solar Limited for their plant in Kohat district.
NEPRA said that these projects will help utilize untapped renewable energy optimally and increase the share of the pollution-free electricity. In a document, NEPRA said,
There is a global trend of reduction in the prices of PV cells, which results in lower tariffs as is evident from various determinations of the authority. These lower tariffs will result in a reduction of the overall basket price which will be beneficial to the public at large.
NEPRA said that all native resources including renewable energy should be developed urgently for power generation, which will lead to sustainable development.