Islamabad: The National Electric Power Regulatory Authority (Nepra) is reviewing the revision of tariffs for 49 renewable energy projects under the State Bank of Pakistan (SBP)’s scheme, according to a news report.
The SBP has revised the scheme to promote green banking and also tackle the issues related to energy shortage in the country. The power sector regulator has undertaken a review of the upfront tariff determination for renewable energy projects. However, these might change depending on if a company gets full or a certain portion of debt under the revised financing scheme.
The SBP unveiled the revised financing scheme in June 2016, which was originally introduced in 2009. The central bank revised the scope and financial mechanisms of the scheme to attract development finance institutions. Under the scheme, refinancing will be provided for a maximum of 12 years, and will be given for renewable energy projects like solar, wind, hydel, biogas, biofuel, bagasse co-generation and geothermal energy.
