The plant, built to support the production facilities of the Bhit gas field – in which we have a 40 per cent stake as operator – provides green energy in an off-grid configuration, storing the energy produced by the system and making it available as needed. This energy is used directly by the adjacent industrial site, reducing gas consumption and avoiding the release into the atmosphere of more than 144,000 tonnes of CO2 over the lifetime of the plant. The installation has a peak capacity of 10 MW and will produce approximately 20 GWh of energy per annum. The plant entered service in November 2019, which means we achieved a time-to-market of just seven months following the final investment decision in March of the same year. The Bhit photovoltaic project adds value to our traditional operations in Pakistan and confirms our commitment to a low-carbon emissions scenario in which renewable energy is fully integrated into the company’s energy mix.
In March 2021 we reached an agreement to sell our shares in our entities in Pakistan to Prime International Oil & Gas Company, a newly established company formed by former Eni’s local employees team and Hub Power Company Ltd, the largest Independent Pakistani Power Producer.