18 MWp Harappa Solar

Project Overview

Harappa Solar (Private) Limited (“HSPL”) is setting up an 18 MWp solar IPP near Harappa Bypass, Teshil and District Sahiwal, Punjab. HSPL has attained all major regulatory and statutory approvals and is currently at an advanced stage of development prior to financial close. It is to date the first company to have successfully executed an Energy Purchase Agreement with the Central Power Purchasing Agency (Guarantee) Limited (“CPPA-G”) and Implementation Agreement with Alternative Energy Development Board (“AEDB”) based on the 2016 Upfront Solar Tariff determined by NEPRA.
The project is being designed to be a state of the art solar facility with single axis tracking technology. The use of tracking is expected to increase annual yield by 11% compared to fixed tilt structure. All major equipment for the plant including PV modules, trackers, inverters, transformers, switchgear, etc. is being sourced from Tier 1 Chinese and European manufacturers.
Debt component of the project shall be financed through a Syndicated Project Finance Facility. The syndicate includes Bank of Punjab and Askari Bank Limited as Lead Arrangers and Senior Lenders. The Term Sheet for debt financing has been signed and the financial, legal and technical advisors for lenders’ due diligence have been finalized.

Milestones Achieved

  • Acquisition of Project Land
  • Approval of Grid Interconnection Study by MEPCO
  • Approval of Environmental Study by Punjab EPA
  • Issuance of Generation License by NEPRA
  • Issuance of Tariff Determination by NEPRA
  • Issuance of Letter of Support by AEDB
  • Notification of Tariff in the Official Gazette
  • Appointment of Offshore Supplier and Onshore Contractor
  • Selection of O&M Contractor
  • Signing of Term Sheet with Project Lenders
  • Execution of Energy Purchase Agreement with CPPA-G
  • Execution of Implementation Agreement with AEDB

Project Features

Technical Details

Contract Capacity: 18 MWp
Net rated AC output:  Approx. 15 MW
Module: 320 Wp Polycrystalline
Inverter Type: Central 630 kW
No. of Inverters: 24
Mounting Type: Single-Axis Tracking
Transformer Size: 1500 kVA
No. of Transformers: 12
Interconnection: 11 kV Osprey Triple Circuit

Key Suppliers and Contractors

Offshore Supplier: SUMEC Hardware & Tools Co., Ltd., subsidiary of SUMEC Corp. China (en.sumec.com)
Onshore Contractor: SUMEC Pakistan (Private) Limited
O&M Contractor: OMS (Private) Limited

Equipment Suppliers

Solar Panels: Phono Solar
Trackers: Soltec, Grupo Clavijo, Optimum Tracker or equivalent
String Combiner Boxes: Sungrow
Inverters: Sungrow
Cables: Tier 1 Chinese
Transformers: QRE, ABB or equivalent
Switchgear: Siemens, Schneider or equivalent
SCADA: ABB, Meteocontrol or equivalent