ISLAMABAD - National Electric Power Regulatory Authority (Nepra) has first time approved up to Rs17.85/unit advance tariff for solar power plants and interested firms to get the tariff can apply by 21st July 2014.

According to a decision of Nepra, regulatory authority has approved advance tariff for solar panel of 10MW over a request of Ministry of Water and Power. Advance tariff for solar power plants to be installed in northern areas has been set at Rs17.85/unit while Rs17.12/unit tariff has been fixed for future solar power plants of southern areas of the country. And, the approved advance tariff will only be applicable in case of fulfillment of financial conditions till March 2015.

The Nepra has also decided that advance tariff of solar power plant would be functional till next 25 years after the start of commercial operation of the plant. Construction firms busy in the installation of solar power plant have been made bound to complete the solar projects within eight months, and, no adjustment to any company in case of delay or increase in the cost of the project. More, advance tariff would be limited to 15MW while no other company would be given with advance tariff facility after the installation of 50MW of solar power plant.

As per decision, Alternative Energy Development Board (AEDB) would grant permission for the installation of solar power plant while Nepra’s approval would be essential for getting advance tariff.

Solar power generation would help in controlling the ongoing power crisis of the country, authority said in its decision.