Sindh Cabinet makes a big announcement regarding Solar and Wind Power on today.
The cabinet decides to allot the plots for solar and wind power Project.
Piece of land to be allotted in Thatta, Jamshoro and Dadu.
These plots will be allotted to 10 different companies, this land will be allotted on 30 years lease.
Board of revenue also estimated the worth of land for each year.
On the other hand, the provincial cabinet’s condition for allotting land to companies that meet the conditions and limitations.
Earlier this year, The government of Pakistan and World Bank signed a Financing Agreement worth $ 100 million for “Sindh Solar Energy Project” with the objective to increase solar power generation and access to electricity in Sindh Province.
The project will support the deployment of solar power in Sindh spanning three market segments: utility scale, distributed generation, and at the household level.
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.
Distributed Solar includes at least 20 MW of distributed solar PV on the rooftops and other available space on and around public sector buildings in Karachi, Hyderabad and other districts of Sindh Province.
Provision of Solar Home Systems to 200,000 households in areas with low or no electricity access.
The total cost of the project is $105.0 million. The International Development Association (IDA) will extend financing of $ 100.0 million for the project and Government of Sindh will contribute $ 5.0 million.
Public funding will be used to leverage private sector investment and/or expertise in the three segments, with an emphasis on long-term sustainability, developing domestic solar PV experience, and the emergence of self-sustaining markets.