Enertech breaks record of providing lowest tariff solar energy project

The Kuwaiti company announces $3.76/kWh for its 500 MW project

QUETTA: Enertech — a Kuwaiti shareholding company fully owned by National Technology Enterprises Company (NTEC) — provided a solar energy project with National Electric Power Regulatory Authority (NEPRA) in Balochistan by breaking record of providing lowest tariff of $3.76/kWh for its 500 MW project.

According to a press release, the company provided lowest tariff determined for Independent Power Projects in the history of Pakistan.

Enertech Chief Executive Officer Abdullah Al-Mutairi congratulated NEPRA, government of Balochistan — especially Chief Minister Jam Kamal — on achieving the breakthrough. The CEO hailed support of the CM for unlocking the potential of the province.

The maiden renewable project in Balochistan will create investor friendly environment in the province having immense renewable energy potential, according to the press release. It further added that achieving lowest tariff is the outcome of resource rich province, engineering efforts and commitment of Inner-Tech to lower down prices of the energy to international averages.

Al-Mutairi assured his commitment to bring significant investment in renewable energy and water sectors in Pakistan. He also announced Enertech’s upcoming goal of developing solar power projects near Lasbela and Kharan.

“The initiative of setting up solar power projects in Balochistan would open doors for prospective investors,” said Enertech Pakistan CEO Yasir Malik.

He added that the company was committed to harnessing renewable potential of Balochistan aiming to develop it into the ‘Renewable Energy Hub of Pakistan’.

Published in The Express Tribune, February 15^th, 2020.