Policy for Development of Renewable Energy for Power Generation - Employing Small Hydro, Wind, and Solar Technologies

With a large population of over 150 million and a rapidly developing economy, Pakistan’s energy needs are potentially huge. The country, historically a net energy importer, is confronting serious imminent energy shortages as its economy and population grow while global fossil fuel prices continue their upwards spiral. Thus, Pakistan needs to initiate a sustained, long-term transition towards greater use of renewable energy (RE)—an indigenous, clean, and abundant resource whose considerable potential the country has yet to tap meaningfully. The Government of Pakistan (GoP) intends to pursue this objective of harnessing power from renewable resources with the full participation and collaboration of the private sector. 

Pakistan Standard Energy Purchase Agreement - Solar Power

Standard Energy Purchase Agreement of 29 June 2015 relating to a solar powered power generation complex between Seller (private energy company) and Purchaser (Central Power Purchasing Agency (Guarantee) Limited acting on behalf of the former government-owned public utility maintaining power in Pakistan, (Water and Power Development Authority (“WAPDA”) Distribution Companies). 

Standard PPA and IA published by the Alternative Energy Board - Standard Agreements

Standard PPA and IA published by the Alternative Energy Board - Standard Agreements between the government of Pakistan (‘Purchaser”) and public or private company (“Seller”). Seller will design, engineer, construct, insure, commission, operate, maintain and transfer hydro-electric generation facility (the “Complex”) on build-own- operate-transfer (BOOT) basis; Agreements are supposed to encourage private investment in the electric power sector in Pakistan and to provide assurances of support for the Seller’s efforts to develop the Project in an efficient and timely manner.