Karachi-based firm Engro Energy (EEL) wants to build four 50MW projects at Kuchlak, each with just under 150,000 solar modules of 335Wp rating and installed on single-axis trackers.
Each project, to be completed by June 2020, is set to cost US$36 million, financed by 80% debt and 20% equity.
EEL plans to sell the power to the Central Power Purchasing Agency (CPPA) for a contracted period of 25 years. The company had obtained a letter of intent from Balochistan Power Development Board back in February.
