Quetta: On August 30, the National Electric Power Regulatory Authority (NEPRA) granted a power generation license to Enertech Quetta Solar, a wholly owned subsidiary of National Technology Enterprises Company, which in turn is a fully owned subsidiary of Kuwait Investment Authority (KIA) – a news source reported.
KIA, the sovereign wealth fund of the State of Kuwait, is one of the oldest and largest sovereign wealth funds in the world.
The license has been granted for a 50-MW solar power project to be established on Build-Own-Operate-Transfer (BOOT) basis in Pishin, Balochistan.
This will be the first renewable Independent Power Producer (IPP) project in 22 years to be developed in Balochistan.
While commenting on the news, Enertech Pakistan’s CEO Yasser Malik said that Enertech is committed to harnessing the renewable potential of Balochistan, with the goal to develop it into the Renewable Energy Hub of Pakistan. He said Enertech will continue to work in partnership with the Government of Balochistan on several other key strategic initiatives, including energy independence, food security, and infrastructure development.
