Observer Report Islamabad
The AEDB on Monday executed the Implementation Agreement (IA) relating to 100MW solar PV power project of Zhenfa Pakistan New Energy Company (Private) Limited (ZPNECPL) in District Layyah, Punjab. Mr. Shah Jahan Mirza, Chief Executive Officer, AEDB has signed the IA with ZPNECPL on behalf of President of Islamic Republic of Pakistan.
ZPNECPL will put up 229,885 PV modules of 435 Wp each having cumulative capacity of 100 MW, the modules will produce 188,427,600 kWh of clean electricity per annum. The levelized tariff for the project is US Cents 3.72/kWh.
Mr. Shah Jahan Mirza told at this occasion that this is a big step towards Government of Pakistan’s commitment of increasing the renewable energy share in power generation by adding clean and green energy into the system. Further the induction of lower tariff solar projects will help in reducing the overall cost of generation.