Nizam Energy

Key Highlights

  • Technology Solar
  • City Karachi
  • Business type Greenfield
  • 7.155 Investment raised (USD millions)
  • 51.10 Installed capacity (MW)
  • 18 Project IRR (%)

Nizam Energy: Advancing Off-Grid Solar in Pakistan with PPSE’s Strategic Support

With over 13 years of experience in Pakistan’s solar energy sector, Nizam Energy has established itself as a leader in delivering clean energy solutions across multiple verticals. The company is active in power purchase agreements (PPAs) with bilateral customers, operates utility-scale solar power plants, and provides comprehensive EPC (Engineering, Procurement and Construction) and solar distribution services.


VIDEO: Nizam Energy

“I would encourage others to enlist their projects with PFAN and make their project a success, like they did with us.”

Usman Ahmad, CEO of Nizam Energy

One of Nizam Energy’s flagship initiatives is a 32 MWp off-grid solar project being developed in two phases. Phase 1, a 9.2 MWp installation in Balochistan, is already 70% complete, with energisation expected by July pending the finalisation of LC (Letter of Credit) approval. Phase 2, a larger 23 MWp development, spans multiple sites across Pakistan and is aimed at supplying electricity to residential facilities at MES (Military Engineering Services) premises.  The project utilises Tier-1 equipment, including panels from JA Solar, trackers from Akcome Metals, and DC cabling from Hengtong, ensuring high performance and reliability.

To bring this ambitious project to life, Nizam Energy applied for PPSE/PFAN support after meeting our team at a conference in Islamabad. PPSE/PFAN’s support was instrumental in transforming the project into a bankable opportunity. Our Advisor provided Nizam Energy with access to a carefully curated list of consultants specialising in feasibility, technical and environmental studies –  all essential for investor readiness.

The collaboration exceeded expectations. PFAN’s advisors were noted for their flexibility, responsiveness, and practical approach, helping Nizam Energy refine the project into one of Pakistan’s largest bilateral solar power purchase agreements—at 25 MW. This success significantly expanded Nizam Energy’s portfolio, bringing its total PPAs to around 40 MW across various customers.

For the end customer, the benefits were substantial. The PPA enabled them to procure solar electricity at a 50% discount compared to grid rates, resulting in major cost savings. At the same time, the well-prepared project documentation facilitated easier financing arrangements and enhanced the robustness of the project from the perspectives of the developers, lenders and off-takers alike.

Nizam Energy’s journey underscores the tremendous potential for solar in Pakistan—not just in terms of sustainability, but also financial viability. The country’s abundant sunlight hours and rising demand for energy-efficient solutions create a fertile landscape for clean energy development. With  PPSE/PFAN’s support, Nizam Energy has set a benchmark for how thoughtful planning, expert guidance, and strategic financing can unlock this potential and drive real-world impact.