Govt decides to set up renewable energy plants
After failing to attract bids from investors for installing 600 MW solar power plants, the government has decided to set up renewable plants under a government-to-government (GtG) arrangement, top officials of the Energy Ministry told The News.
“The government received no bids for installing its pilot solar power plant of 600 MW at Muzaffargarh even at the tariff of 3.4 cents per unit. The bids were scheduled to open on May 31. Soon after that, the top functionaries of Power Division wrote a letter to Nepra asking for an open-ended tariff or over five cents per unit to ensure the pilot project could be initiated and materialized. The Private Power Infrastructure Board (PPIB) then arranged roadshows aboard to attract investors’ bids and then fixed bids’ date on December 10, then revised the deadline till January 11 but no investors turned up with any bids.”
Read more: https://www.thenews.com.pk/print/1148983-govt-decides-to-set-up-renewable-energy-plants
