Scatec ASA, has finalised construction and started producing clean energy from its 150 MW solar power plants in Sukkur, Pakistan. The power plants will generate approximately 300 GWh annually under 25-year USD-indexed power purchase agreements with Central Power Purchasing Agency of Pakistan (CPPA). Scatec holds an economic interest of 75% of the projects and will provide Operation & Maintenance as well as Asset Management services to the power plants.

The remaining ownership share is held by Nizam Energy, Scatec?s local partner. The non-recourse project debt is provided by FMO, the Dutch development bank, Faysal Bank, Bank of Punjab, Bank Islami, and Pak Kuwait Investment Company.