Jaguar Overseas Limited (JOL) announced its progress in construction of its 10MW Afghanistan solar power project in Kandahar and resolved to strengthen Afghanistan’s power sector by developing country’s first tariff based solar power plant. The project is being executed with the support of United States Agency for International Development, (USAID), the leading U.S. Government agency that works to end extreme global poverty and enable resilient, democratic societies to realise their potential and Da Afghanistan Breshna Sherkat (DABS), the national utility company of Afghanistan. Officially launched in the month of September this year in Afghanistan, it is the largest solar power project in the country, poised to support 1.15 million people residing in the Kandahar province. The project is being developed by Dynasty Oil & Gas Private Limited (DOGPL), a wholly owned subsidiary of Jaguar Overseas Limited headquartered in New Delhi. DOGPL specialises in providing world-class services in the field of Offshore Oil and Gas, Exploration and Development Drilling and Marine and Logistic Services.
As part of the key arrangements, JOL has signed a 15 years Power Purchase Agreement with (DABS), an independent and autonomous company established under The Corporations and Limited Liabilities Law of the Islamic Republic of Afghanistan (IROA) entrusted to operate and manage electric power generation, import, transmission, and distribution throughout Afghanistan on a commercial basis. DABS will purchase power produced by JOL at a pre-defined rate for the next 15 years extendable up to 25 years.