Scatec ASA, a renewable energy leader, has completed the construction of its 150 MW solar power plants in Sukkur, Pakistan, now generating 300 GWh annually. Operating under 25-year USD-indexed agreements with CPPA, these plants will supply renewable energy to around 150,000 households, contributing to local sustainability. Scatec maintains a 75% economic interest, providing O&M and Asset Management services, with Nizam Energy as a local partner. FMO, Faysal Bank, Bank of Punjab, Bank Islami, and Pak Kuwait Investment Company provide non-recourse project debt.
Scatec ASA powers up 150 MW solar plants in Sukkur, Pakistan
Scatec ASA completes 150 MW solar plants in Pakistan, advancing sustainable energy solutions for 150,000 households with 25-year PPA. (Image Credit: Scatec ASA).
Scatec has secured EUR 25 million from IFU, alongside equity and non-recourse debt, for its USD 85 million project financing. (Image Source: Scatec ASA)
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Part of SECI’s 2 GW ISTS initiative, the project will deliver four hours of peak power daily for 25 years. (Image Credit/Source: Pixabay/Pexels)
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