“JCM Power is the lowest-bidding company with a proposed tariff of Rs8.9189 per unit, setting a new standard in the renewable energy sector of the country,” the KE stated.
For a 25-year period, the real bid is approximately 3.0899 US cents, with the principal components consisting of 80 percent US dollars, 13 percent Karachi Interbank Offered Rate (Kibor), and 7 percent Secured Overnight Financing Rate (SOFR), which is the London Interbank Offered Rate’s substitute (Libor).
Earlier this month, KE revealed that it had received seven bids for Pakistan’s first 220 MW hybrid wind/solar project in Dhabeji. KE announced that, after receiving approval from the regulator in the first half of 2024, it was leading the way in the renewable energy industry’s competitive bidding procedure.
