KARACHI: National Electric Power Regulatory Authority (NEPRA) has granted generation license to Shams Power (Pvt) Ltd for its 1.897 MW solar based distributed generation at Packages Mall, Lahore.
The total cost of the project will be about $1.26 million which will be financed through parent companies either through 100% equity or by arranging debt from the lending institutions on mutually agreed terms and conditions.
National Electric Power Regulatory Authority (NEPRA) considers that the proposal of Shams Power for installing different PV based generation facilities will result in optimum utilization of the RE which is currently untapped, resulting in pollution free electric power. It is pertinent to mention that solar is an indigenous resource and such resources should be given preference for the energy security.
A fundamental transformation is currently underway around the world in the way electricity is produced, transmitted, and delivered to end-users. The ‘utility of the past’ that relied primarily on large and central-station power generating facilities intertied through extensive and complex T&D grids to serve demand located far away from generation sites is now giving way to a new ‘utility of the future’ concept that strives to serve demand right at the spot through a blend of options including energy conservation, demand-side management, and distributed sources of power generation.
Though the typical lead-times for T&D schemes still remain more-or-less the same, the availability of inexpensive information and communication technologies (ICTs) is changing their role in a number of important ways. From just a conduit to transmit electricity from generating stations to end-users in the recent past, the T&D grid is now being designed to function as a smart and intelligent platform to enable a host of actors and business interests to come together in serving the society’s electricity demands more cost-effectively, with superior reliability and quality, and in socially and environmentally sustainable ways.