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June 24, 2024The Sindh Transmission & Dispatch Company (STDC) and GO Energy Private Limited have signed an agreement to transmit power from a 500-megawatt floating solar project at Keenjhar Lake, Sindh. The signing ceremony in Karachi was attended by Syed Nasir Hussain Shah, Sindh’s Minister for Energy, who was the chief guest. Other notable attendees included Musaddiq Ali Khan, Secretary Energy for the Government of Sindh, M. Saleem Shaikh, CEO of STDC, Ammar Ali, CEO of GO Energy, and Haris Jamil, Director CEO Secretariat at K-Electric.
This 500MW floating solar project aims to be one of the largest in the world, equipped with advanced solar panels and floating structures designed for Keenjhar Lake’s unique environment. The project is expected to create thousands of jobs, boost regional economic growth, and enhance Pakistan’s renewable energy sector by providing clean energy, reducing fossil fuel dependence, improving air quality, and promoting a greener Pakistan.
At the ceremony, Syed Nasir Hussain Shah stressed the importance of sustainable, eco-friendly energy. “The Sindh government is proud to support the 500MW floating solar project at Keenjhar Lake by fostering an investment-friendly environment for renewable energy, reducing reliance on imported fuels, and lowering electricity costs for Sindh residents. This project is a major milestone for our government, and we are committed to its swift implementation.”
Keenjhar Lake, in central Sindh, provides an ideal site for solar energy without taking up agricultural land. The project is also expected to reduce water evaporation by more than 50% over the covered area, which is a key water source for Karachi and nearby regions.
Musaddiq Ali Khan, Secretary Energy, Government of Sindh, remarked, “We welcome GO Energy’s 500MW floating solar project at Keenjhar Lake. This project aligns with our goals to expand renewable energy capacity and reduce our carbon footprint. The government is committed to supporting projects that enhance energy security, create jobs, and promote sustainable development. We look forward to collaborating with GO Energy on this transformative initiative.”
This innovative project is expected to produce more electricity than land-based solar projects due to the natural cooling effects of Keenjhar Lake’s water, resulting in cost-effective electricity that will lower the overall grid rate, protect marine life, and reduce reliance on imported fuels. M. Saleem Shaikh, CEO of STDC, stated, “We are excited to be part of the 500MW floating solar project at Keenjhar Lake. It represents an innovative way to integrate renewable energy into KE’s grid. Our team is dedicated to providing the necessary infrastructure and expertise to connect this significant solar