Pakistan signs $200 million MOU to convert thermal plant into solar power

• 7 months ago (2024-04-08)
• David Flin

Asia 892 Solar 272

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The Northern Power Generation Company Limited (NPGCL) in Muzaffargarh, Pakistan, has signed an MOU with Ningbo Green Light Energy (NGLE) of China to upgrade an existing thermal power plant into a 300 MW solar power project. The MOU is supported by the Special Investment Facilitation Council (SIFC).

The project is expected to generate 400 GWh annually at a significantly reduced cost, decreasing from PKR 45 to PKR 14 per unit.

This shift to solar energy will, according to SIFC, reduce heavy fuel oil imports and contribute environmental compliance. SIFC estimates there will be an annual saving of $44 million.