Enertech Quetta Solar has been granted a generation license by the National Electric Power Regulatory Authority (NEPRA for a 50-MW solar power project to be built on a Build, Own, Operate & Transfer (BOOT) basis in Pishin, Balochistan.
This will be the first renewable Independent Power Producer (IPP) project in 22 years to be developed in Balochistan.
Enertech Holding is wholly owned by National Technology Enterprises Company (NTEC) which is a fully owned subsidiary of Kuwait Investment Authority (KIA) – the sovereign wealth fund of the State of Kuwait. KIA is one of the oldest and largest sovereign wealth funds in the world
Enertech Pakistan’s CEO Yasser Malik, while commenting on the achievement, said that Enertech is committed to harnessing the renewable potential of Balochistan with the goal to develop it into the Renewable Energy Hub of Pakistan. These initiatives will increase local employment, improve the pace of economic growth and improve socioeconomic indicators of the province.
These projects are in line with the Prime Minister’s vision of a Green Pakistan where renewable energy will have a 30% share of total energy production by 2030