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Germany is going to set up 50 megawatts of a solar power plant in Gwadar

November 11,2019 0 comments

The Germany-based developer has applied for a generation license to set up 50 megawatts of a solar power plant in Gwadar, Balochistan with an estimated investment of $56.15 million.

According to the report, IB VOGT GmbH, a Germany-based integrated solar developer, planned entry into Pakistan’s renewable energy market with a solar power plant to be set up in Gwadar, through its special purpose vehicle P&G Energy Pvt Ltd. P&G Energy approached the National Electric Power Regulatory Authority (Nepra) for a generation license.

According to a document, the Balochistan Power Development Board issued a letter of intent to the sponsors of the project. After issuance of the letter of intent, the sponsors of the project incorporated a special purpose vehicle P&G Energy Pvt Ltd.