Our mission is to be the lowest-cost power producer in the world. We sell solar power in Pakistan on long-term fixed price contracts to our customers, at prices which in many cases are at or below prevailing alternatives for these customers. Since inception, we have achieved a substantial reduction in total solar project cost, which includes a significant decrease in balance of systems costs due in part to our value engineering, design and procurement efforts.
We developed Pakistans first utility scale solar power project. Since then, we lowered levelized cost of energy through value engineering, operational research and efficient financial strategy to deliver cost-efficient energy for our customers. Our electricity prices are insulated from the volatility of commodity prices. We also guarantee the electricity production of our solar power plants to our customers.
Low Cost of Energy
We have lowered our cost of energy through value engineering, operational performance monitoring and efficient financial strategy. This allows us to deliver cost-effective energy for our customers. Our in-house EPC expertise lowers system costs and our advanced in-house operations and maintenance capability allows us to increase power yields and monitor project performance near real-time. Coupled with our efficient financial strategy, we believe that we are able to offer low-cost solar power solutions at high efficiency yields.
Strong Value Proposition for Our Customers
We manage the entire development and operation process, providing customers with long term fixed price PPAs, as a result of solar not being subject to variable commodity prices Our in-house focus on high engineering standards and asset quality ensures high levels of availability and service to our customers.
As opposed to relying on third-party providers, our integrated profile affords us greater control over project development, construction and operation, which provides us with greater insight and certainty on our construction costs and timeline. Coupled with our low cost profile, our greater insight supports competitive new project bids at prevailing market prices, not at our direct costs.