World Bank helps finance $105m Sindh Solar Energy Project
The World Bank is to provide $100 million for the Sindh Solar Energy Project in Pakistan.
The Sindh Energy department signed an agreement with private firms to launch the project, which comprises three components:
1) A 400MW solar park at Manjhand costing $40 million. 2) 20MW rooftop solar systems on public sector buildings in Karachi and Hyderabad for $25 million. 3) 200,000 solar home systems for remote areas in ten districts of the province through solar parks costing $30 million.
Through this project, the provision of solar electricity would be made available to over 200,000 houses which are currently out of grid zones.
The signing ceremony was attended by Chief Secretary Mumtaz Shah, Minister for Energy Imtiaz Shaikh, Minister of Information Saeed Ghani, Advisor to CM Murtaza Wahab, PSCM Sajid Jamal Abro, Energy Secretary Musadiq Khan, Finance Secretary Hassan Naqvi, Hyderabad Electric Company (HESCO) CEO Abdul Haq Memon, CEO Foresight Ltd Zubair Ahmed, World Bank senior energy specialists Oliver Knight, Anjum Ahmed, Umul Awan, Kazim Saeed, Project Director (PD) SSEP Mehfooz Ahmed Qazi, Shaikh Amer Zia, Asmar Naim and Khayyam Siddiqui of K-Electric, Aijaz Rizvi of AID Private Company and others.
Other private firms have been contracted to take part in the implementation of the project.
