According to sources, World Bank will give around $100 million for the Sindh solar energy project.
$100m Sindh solar energy project deal is signed between World Bank and Pakistan on Wednesday (yesterday). However, the project will enhance the access to electricity and the solar power generation in Sindh.
The agreement is finalized 7 months after the loan approval by World Bank board of directors. However, Pakistan will return the loan in the time period of 30 years with the 5 year grace period.
Sindh solar energy project will support the solar power deployment in 3 segments – household level, utility scale, and distributed generation.
Distributed solar generation possesses minimum 20MW of distributed solar photovoltaic (PV) panels on rooftops and space other available spaces in buildings in Hyderabad, Karachi, and other parts of Sindh. However, solar energy systems will be offered to 200,000 households in areas that have low or no electricity access.
Pakistan Tehreek-e-Insaf or PTI govt is also making efforts for new clean energy policy that is targeting to grow the share of clean energy to 30% by 2030.