Sindh govt plans to launch floating solar power project
KARACHI:
Pakistan’s first floating solar power project, which will produce 500 megawatts of energy, is set to be launched soon on Keenjhar Lake.
The Letter of Intent has also been issued for the project.
"Work on the feasibility report of the project is in full swing and it is hoped that the project will start generating electricity in two years time after going through the approval stages," saidSindhEnergy Minister Imtiaz Ahmed Shaikh, adding that Go Company, which was working on the project, was expected to invest US$40 million in the project.
The energy minister’s statement came during his talk with officials from power companies.
He said that this was a unique floating solar power plant project forPakistanwhich would not only provide 500 MW of environmentally friendly electricity but would also create employment opportunities in the province.
"Keenjhar Lake will promote tourism and help in controlling load shedding," he added.
Imtiaz Shaikh said that the 500 MW eco-friendly power project was another milestone of the achievements of the Sindh government.
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In recent months, Pakistan has seen efforts to increase the instalment and use of solar panels. The governmentworkedtowards a comprehensive solar energy package comprising tax waivers and concessionary loans for consumers in a bid to overcome the prolonged power outages that have stalled life in the country.
The solar package would include a short-term plan for shifting government offices to solar energy. It involves the preparation of a plan for helping small consumers to switch over to solar energy with the help of subsidies or concessionary loans.
The government is also planning to waive the general sales tax on all the components used in generating solar energy.
The energy task force, chaired by Shahid Khaqan Abbasi, reviewed the solar power plan in a recent meeting. The prime minister constituted the task force on solar energy initiatives with a vision to promote sustainable and green energy.
