Scatec Initiates Commercial Operations of Solar Power Facilities in Pakistan
Scatec ASA, a renewable energy solutions pioneer, has completed construction and commenced energy production from its 150 MW solar power projects in Sukkur, Pakistan. These plants are expected to produce around 300 GWh per year, in line with 25-year USD-indexed power purchase agreements with Pakistan's Central Power Purchasing Agency (CPPA).
Terje Pilskog, Scatec's CEO, proudly announced the start of commercial operations in Sukkur, highlighting the plants' role in providing essential renewable energy to the Pakistani population. The plants are anticipated to meet the electricity requirements of approximately 150,000 households, contributing to both sustainable development and local value creation. Pilskog extended his gratitude to the Scatec team and their partners for achieving this milestone.
Scatec owns a 75% economic interest in these projects and will oversee their Operation & Maintenance, as well as Asset Management services. The other ownership portion is held by Nizam Energy, Scatec’s local partner. The projects have secured non-recourse project financing from FMO, the Dutch development bank, along with Faysal Bank, Bank of Punjab, Bank Islami, and Pak Kuwait Investment Company.