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NEPRA has granted generation concurrence to Aerem Energy (Private) Limited for a 269MW wind-solar hybrid power project at Dhabeji in District Thatta, Sindh. The approval clears a key regulatory milestone for one of the larger hybrid renewable investments proposed for Pakistan's southern electricity grid.
The World Bank has approved $375.9 million in financing for Pakistan's Grid Stability Enhancement Project, the first phase of a 10-year programme to modernise the national transmission network and cut power outages. The project will unlock 640MW of currently curtailed wind energy and enable the full use of 1,840MW of southern Pakistan's wind capacity, aiming to structurally reduce fuel costs on household electricity bills.
K-Solar (Private) Limited, the renewable energy subsidiary of K-Electric's investment arm KE Ventures Company, has signed an MOU with Chinese manufacturer Mingyang to develop wind energy and battery storage projects in Pakistan. The partnership could reduce fuel cost adjustments on Karachi electricity bills if projects progress from agreement to construction.