QUETTA: “EnerTech (a subsidiary of NTEC) has broken the record for lowest tariff of USO $3.76 per kWh (kilowatt-hour) for its 500 MW (megawatt) solar project with NEPRA (National Electric Power Regulatory Authority) in Balochistan, Pakistan. This is the lowest tariff determined for Independent Power Projects (IPP) in the history of Pakistan.”
As the first renewable project in Balochistan this will have an impact on the perception of the “province as an investor friendly province with immense renewable energy potential. Achieving the lowest tariff is the outcome of excellent renewable energy resources, superior engineering and the commitment of EnerTech to drive the prices of renewable energy down to international averages.”
“Mr.Abdullah Al-Mutairi,CEO of EnerTech congratulated NEPRA and the Balochistan Government on this breakthrough, Mr. Al-Mutairi especially thanked Chief Minister Jam Kamal for his support and believes that under his visionary leadership Balochistan will be able to unlock its true potential. He affirmed his commitment to bring significant investment in renewable energy and the water sector in Pakistan and announced that Enertechs? next goal includes the development of solar power projects near Lasbela and Kharan.”
“Enertech Pakistan?s,CEO Mr. Vasser Malik mentioned that this initiative of setting up solar power” projects in Balochistan will open doors to future investors and that Enertech is committed to harnessing the renewable potential of Balochistan with the goal to develop it into the Renewable Energy Hub of Pakistan.