Scatec Commences Commercial Operation of 150 MW Solar Power Plants in Pakistan

Scatec ASA has finished the construction and initiated clean energy production at its 150 MW solar facilities in Sukkur, Pakistan. These plants are expected to yield around 300 GWh annually under 25-year USD-indexed power purchase deals with Pakistan’s Central Power Purchasing Agency (CPPA).

Scatec will have a 75% economic stake in the projects and will deliver Operation & Maintenance and Asset Management services. Nizam Energy, Scatec’s local partner, holds the remaining ownership. FMO, the Dutch development bank, along with Faysal Bank, Bank of Punjab, Bank Islami, and Pak Kuwait Investment Company, provide non-recourse project debt.

Speaking about the development,Terje Pilskog, CEO of Scatec, said, “I am proud to announce commercial operations of our solar project in Sukkur. The power plants will generate much needed renewable energy to the people of Pakistan, covering the electricity need of about 150,000 households while contributing to sustainable local value creation. I would like to thank the Scatec team and our partners for this extraordinary accomplishment.”