World Bank Approves Rs. 56.7 Billion Loan for 300MW Solar Project At Tarbela

The World Bank has consented to give Rs. 56.697 billion for the establishment of 300MW Floating Solar Photovoltaic (FPV) on Water Bodies in Tarbela Ghazi Hydropower Generation Complex.

A synopsis for the establishment of 300MW Floating Solar Photovoltaic (FPV) on Water Bodies in Tarbela Ghazi Hydropower Generation Complex would be talked about by the Central Development Working Party today (Wednesday), an authority source told ProPakistani.

The all out cost of the undertaking is Rs. 59.775 billion and the World Bank has given a guarantee to funding the 300 MW Solar FPV Project at Ghazi Barotha lakes through a delicate advance. The Bank will give a delicate credit of Rs. 56.697 billion.

The target of the undertaking is the establishment of a 300 MW Floating Solar Photovoltaic (FPV) project on two water bodies i.e 150 MW establishment at Ghazi Barotha Forebay and 150 MW at Ghazi Barrage Head lake, to expand the inventory of power during top hours and limit reinforcing through huge scope show of sun based hydropower mixture activity.

The source, in any case, said that few reservations have been communicated over the Project and it has been suggested that Generation limit extension ought to be driven by the private area in the IPP model. Also, State-Owned Entities (SOEs) shouldn’t swarm out the space. WAPDA ought to principally zero in its accessible limits on the hydropower and water asset advancement in the country, it has likewise been suggested.

The obligation of inexhaustible/sun oriented power project improvement ought to be driven by the Alternate Energy Development Board (AEDB) not WAPDA, the source said.