Pakistani officials say potential developers have until May 8 to submit bids for a new 600 MW solar tender.
The selected developers are expected to build factories on a build, own and transfer (BOOT) basis. They have until May 8 to submit project proposals. Originally, the deadline was April 17.
According to the latest statistics from the International Renewable Energy Agency (IRENA), Pakistan had 1,234 MW of installed solar power capacity by the end of 2022. Last year, 166 MW of solar capacity was newly installed in the country.
The country’s energy authority NEPRA recently granted 12 production licenses with a total capacity of 211.42 MW. Nine of these approvals were granted to solar projects with a total capacity of 44.74 MW.
In May, NEPRA launched the Competitive Trading Bilateral Contract Market (CTBCM), a new model for Pakistan’s wholesale electricity market. The Electricity Procurement Center said the model “brings competition to the electricity market and provides a favorable environment where multiple sellers and buyers can trade electricity”.