Operating, maintenance, and asset management services will be provided by Scatec, which will own a 75% financial interest in the projects. The local partner of Scatec, Nizam Energy, owns the remaining shares. Non-recourse project debt is provided by the Dutch development bank FMO, Faysal Bank, Bank of Punjab, Bank Islami, and Pak Kuwait Investment Company.
CEO of Scatec Terje Pilskog discussed the news, saying, “We are pleased to announce the start of commercial operations for our solar project in Sukkur. The power plants will provide Pakistanis with much-needed renewable energy, enough to power around 150,000 families while also fostering the sustainable development of local value. I want to express my gratitude to the Scatec team and our associates for this outstanding achievement.
