KARACHI: Pakistan’s electrical energy regulator has authorized a record-low tariff of Rs8.9189 per kilowatt-hour for a 240-megawatt hybrid wind-solar undertaking close to Karachi, marking the nation’s first utility-scale renewable vitality enterprise underneath a aggressive bidding regime.
The National Electric Power Regulatory Authority (NEPRA) issued its choice on July 17, granting closing approval to Aerem Vitality (Non-public) Restricted, a particular function automobile fashioned by a consortium led by JCM Energy Company, for the Dhabeji Grid undertaking in Thatta District, Sindh. The tariff, found by means of a aggressive bidding course of performed by Ok-Electrical Restricted, units a brand new benchmark for renewable vitality prices in Pakistan.
The 25-year tariff, which will probably be integrated into an Vitality Buy Settlement with Ok-Electrical, is topic to quarterly changes based mostly on variations in rates of interest, international change, and the Secured In a single day Financing Charge. The undertaking includes roughly 175 megawatts of wind and 94 megawatts (DC) of photo voltaic photovoltaic capability, utilizing gear from suppliers together with Goldwind, Envision, JA Photo voltaic, and Huawei.
NEPRA’s choice confirmed the undertaking’s inclusion within the Indicative Technology Capability Growth Plan 2025-35 by means of an addendum submitted by the Unbiased System & Market Operator on July 13, 2026. The regulator famous that whereas ancillary calculations within the planning doc “prolong past the scope of IGCEP,” the tariff itself was validated by means of aggressive bidding and subsequent assessment.
“That is the bottom tariff ever authorized for a renewable vitality undertaking,” NEPRA acknowledged in its choice. The regulatory physique beforehand authorized Ok-Electrical’s bid analysis report on Might 26, 2025, after figuring out the competitiveness and reasonableness of the found tariff.
Aerem Vitality, integrated underneath Pakistani legislation, counts JCM Energy Company with 51% possession, Burj Vitality Worldwide Administration Ltd. with 30%, and Mr. Rana Nasim Ahmed with 19% as its sponsors. The undertaking will probably be developed on roughly 1,674 acres of privately acquired land.
Beneath the phrases of approval, the corporate should obtain monetary shut inside three months of the Vitality Buy Settlement’s approval and full development inside 18 months thereafter. Duties and taxes instantly imposed on the applicant will probably be handed by means of to the ability purchaser at precise prices, whereas wind and photo voltaic useful resource dangers stay with the developer.
The undertaking was initially optimized in Ok-Electrical’s Energy Acquisition Plan, authorized by NEPRA on Might 17, 2024, as a part of the IGCEP 2022-31 which allotted 1,050 megawatts of photo voltaic and 350 megawatts of wind capability to the utility.
The choice directs the federal authorities to inform the tariff within the official gazette inside 30 days, as required underneath Part 31(7) of the Regulation of Technology, Transmission and Distribution of Electrical Energy Act, 1997. Ought to the federal government fail to take action, NEPRA retains authority to concern the notification itself.