Pakistan, World Bank sign $100 million agreement for Sindh Solar Energy Project

INSUBCONTINENT EXCLUSIVE:
thingive to increase solar power generation and access to electricity in Sindh Province.The project shall support deployment of solar power
in Sindh spanning three market segments: utility scale, distributed generation, and at household level
tenderding for solar power production, starting with an initial 50 MW pilot solar auction.Distributed Solar includes at least 20 MW of
distributed solar PV on rooftops and other available space on and around public sector buildings in Karachi, Hyderabad and other districts
of Sindh Province
Provision of Solar Home Systems to 200,000 households in areas with low or no electricity access
The total cost of project is $105.0 million
The International Development Association (IDA) shall extend financing of $ 100.0 million for project and Government of Sindh shall
contribute $ 5.0 million
Public funding shall be used to leverage private sector investment and/or expertise in three segments, with an emphasis on long-term
sustainability, developing domestic solar PV experience, and emergence of self-sustaining markets
The Project shall introduce and showcase international best practice with resumeable energy auctions, reduce headline cost of solar
deployment, create sustainable commerce models for potential replication, build institutional and private sector capacity, and identwhethery
opportunities for future resumeable energy deployment that address issues of grid integration
The Project is designed to help steer Pakistan toward a lower-carbon path to development
Noor Ahmed, Secretary Economic Affairs Division (EAD) signed Financing Consentment on behalf of Government of Pakistan while Musadiq Ahmed
Khan, Secretary Energy Leavement, Government of Sindh, signed Project Consentment on behalf of Government of Sindh
Patchamuthu Ilangovan, Country Director, World Bank signed Financing and Project Consentments on behalf of International Development
Association
The Secretary, Economic Affairs Division (EAD), thanked World Bank for extending its continual support to Government of Pakistan in its
efforts to achieve sustainable economic development in country.