Shams Power

What Shams Power does

Shams Power is a Lahore-headquartered distributed solar generation company founded in 2017 as a joint venture between two of Pakistan's leading energy operators, PITCO and Orient Operating Company. It serves commercial and industrial (C&I) clients — manufacturers, retailers, malls, hospitals, automotive, and FMCG sites — under a Build-Own-Operate-Transfer (BOOT) model with 20–25 year Power Purchase Agreements (PPAs). The company holds Pakistan's first and only NEPRA Distributed Solar Generation License, giving it exclusive regulatory authority to sell electricity generated by distributed solar assets. End-to-end in-house capabilities span financing, regulatory, design, engineering, procurement, construction, and operations & maintenance, eliminating capital and execution burden for customers. The deployed portfolio totals 35+ MW across 30+ sites for 15+ enterprise customers, including Metro Cash & Carry (5MW), Mondelez (2.2MW), Packages Mall (3MW), AkzoNobel (0.5MW), Coca-Cola, Brighto Paints (750kW), Hyundai Nishat, Shifa Hospital, Dandot Cement, and GC University. Revenue is generated primarily through long-tenor PPA electricity sales, supplemented by sales of I-REC renewable energy certificates (the company registered Pakistan's first I-REC project in 2023).

The technology stack covers rooftop, ground-mounted, and carport solar PV, augmented by yield and shadow analysis software, real-time monitoring, AI-driven predictive maintenance, edge AI for inverter-level fault detection, natural-language operational dashboards, 15-minute-interval solar output forecasting, and AI-optimized dispatch for solar-plus-storage hybrid systems. The company also operates the Solar EmpowHer training program — a partnership with Women in Energy (WiE) that has trained 70 women across five cohorts in Lahore. Go-to-market is direct enterprise field sales: site evaluation, custom system design, proposal with financing alternatives, and execution of a 20–25 year PPA; there is no self-serve or channel motion.

Shams Power is privately held with no public listing. Its capital base is anchored by sponsors PITCO and Orient Operating Company, which collectively own/operate 400MW+ of thermal and solar IPPs and have financed 60MW+ of solar plants on the PPA model. External debt financing has been raised in two disclosed tranches — approximately USD 11.3 million in December 2021 and PKR 1.5 billion (~USD 5.2 million) in January 2024 — both from Bank Alfalah together with GuarantCo, the most recent earmarked for an additional 10 MW of distributed solar capacity. A January 2024 MoU with USAID under the Investment Promotion Activity positions Shams Power as a focal company in a campaign to mobilize USD 53 million in foreign direct investment over 9–12 months.

Name

Shams Power

Legal name

Shams Power

Website

https://shams-power.com

Company type

Private

Founded year

2017

Operating status

Operating

Headcount range

11–50 employees

Short description

Shams Power is a Lahore-based distributed solar company operating in Pakistan under a Build-Own-Operate-Transfer model, supplying commercial and industrial clients with on-site solar electricity through 20–25 year Power Purchase Agreements. It holds Pakistan's first and only NEPRA Distributed Solar Generation License.

Ownership category

akta.pro rank

Product category

Distributed Solar Power Generation Services

NAICS

Solar Electric Power Generation (221114)

SIC

Electric Services (4911)

akta.pro primary industry

Solar Project Development & IPP (Utility-Scale & Rooftop) (EUAMABAA)

akta.pro secondary industries

Renewable Distributed Generation (Rooftop/Onsite Solar, Small Wind, Small Hydro) (EUACALAJ), Distributed & Commercial Renewable O&M (Rooftop Solar, C&I Wind, Small Hydro) (EUAMAGAB)

Keywords

• Distributed solar generation
• Commercial solar PPA
• Rooftop solar installation
• Renewable energy certificates
• Solar power financing

Headquarters

HQ city

Lahore

HQ country

Pakistan

HQ region

Asia

Offices1 record

Markets served

GTM type

B2B

Offering type

Services

Cost components

Infrastructure, Operations, Personnel, Technology or R&D, Supply Chain, Marketing or Sales

Revenue model

1. Power Purchase Agreement (PPA) Revenue: Shams Power builds, owns, and operates solar installations at client sites. Clients purchase the electricity generated at a fixed tariff lower than grid rates over a 20-25 year contract term. No upfront capital investment is required from the client. Upon contract expiry, equipment ownership transfers to the client. This is the primary and core revenue stream.
2. Renewable Energy Certificate (REC) Sales: Shams Power registers solar projects under the I-REC Standard to claim and sell Renewable Energy Certificates, enabling clients to offset Scope 2 emissions without physically sourcing renewable energy units.

Pricing tiers

Go-to-market motion1 record

Distribution channels1 record

Marketing channels5 records

Core offering

Shams Power designs, finances, builds, owns, operates, and maintains distributed solar PV installations (rooftop, carport, and ground-mounted) at commercial and industrial customer sites in Pakistan, and sells the generated electricity to those customers under 20–25 year Power Purchase Agreements on a BOOT basis. Customers pay only for the electricity consumed at a discounted tariff versus national grid rates with zero upfront capital expenditure, zero O&M responsibility, and equipment ownership transferring at contract expiry. The company also registers projects under the I-REC Standard to issue and sell Renewable Energy Certificates, enabling customers to offset Scope 2 emissions.

Product overview

Shams Power operates as a distributed solar generation company offering comprehensive solar energy solutions for commercial and industrial (C&I) sectors in Pakistan. The company is a joint venture between PITCO and Orient Operating Company. Shams Power's core offering is the BOOT (Build, Own, Operate, Transfer) model with Power Purchase Agreements (PPAs), enabling businesses to adopt solar with zero upfront capital investment. The portfolio includes three main solar installation types: Rooftop Solar (for unused rooftop spaces), Ground-Mounted Solar (for open land), and Carport Solar (for parking areas). The company provides end-to-end solutions encompassing financing, design, engineering, procurement, construction, and operations & maintenance. Shams Power has deployed over 35 MW of distributed solar across Pakistan, serving marquee clients including Coca-Cola, Mondelez, Metro Cash & Carry, AkzoNobel, and Hyundai Nishat. Additionally, the company runs the Solar EmpowHer program to train women in the renewable energy sector.

Differentiator

Problem solved

Functional benefit

Brands

• Solar EmpowHer: A pioneering training program by Shams Power in collaboration with Women in Energy (WiE), designed to empower women through solar energy skills and career opportunities. The program has trained 70 women across five cohorts in Lahore and surrounding areas.

Products and services

• Rooftop Solar Solar PV installations on unused building rooftops that generate clean electricity for commercial and industrial facilities, reducing dependence on grid power and lowering electricity costs.
• Ground-Mounted Solar Solar power installations on open land areas for large-scale energy generation, providing distributed solar capacity for industrial and commercial sites such as Dandot Cement.
• Carport Solar Solar canopy structures installed over parking areas that generate electricity while providing shade and protection for vehicles, used at sites such as Shifa International Hospital.
• Power Purchase Agreement (PPA) Solar Service A Build Own Operate Transfer (BOOT) service where Shams Power invests, installs, owns, and operates solar systems at customer sites for 20–25 years. Customers pay only for electricity consumed at rates lower than grid prices, with zero capital investment and no maintenance responsibility; ownership of equipment transfers to the customer at contract expiry.
• Renewable Energy Certificate (REC) Sales Registration of Shams Power's solar projects under the I-REC Standard to claim and sell Renewable Energy Certificates, enabling clients to offset Scope 2 emissions and trade carbon offsets without physically sourcing renewable energy units.
• AI-Powered Monitoring and Predictive Maintenance Service Continuous AI-driven performance monitoring, edge AI fault detection, predictive maintenance using sensor analytics, natural-language dashboards, and solar-plus-storage optimization delivered as part of Shams Power's O&M service under long-term PPAs.

Quantifiable outcome

• 35+ MW of distributed solar capacity deployed across Pakistan
• +7 more outcomes

Named customers10 records

Segments1 record

Ideal customer profiles1 record

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

AI capability5 records

Feature6 records

Partnerships

Two partnerships are on record, tiered flagship and minor.

• Women in Energy (WiE)flagshipStrategic or Co-development Partner · 1 January 2019Women in Energy (WiE), a professional network championing female leadership in the energy sector, partnered with Shams Power in 2019 to expand and refine a male-led pilot program into the inclusive Solar EmpowHer training initiative. The partnership has completed five training cohorts, equipping 70 women in Lahore and surrounding areas with rooftop solar installation skills. The program was featured in two Oxford Smith School publications. This is Shams Power's flagship social impact initiative.
• Pakistan Environment Trust (PET) / I-REC Standard FoundationminorStrategic or Co-development PartnerPakistan Environment Trust, as the I-REC(E) Issuer in Pakistan, approved Shams Power's solar projects for registration under the I-REC Standard — Pakistan's first tradeable energy certificates. PITCO acted as technical consultant helping Shams Power through the registration process. This enables Shams Power to value and sell renewable energy's carbon offsetting benefits.

Scale indicators9 records

Recent moves6 records

Expansion highlights6 records

Regional players

• SunEdison Infrastructure: India-based distributed solar company offering rooftop and C&I solar through PPA and capex-free models. Comparable business model, customer segment, and South Asian operating context to Shams Power.
• Orb Energy: India-based provider of rooftop solar and solar financing for C&I customers, with a comparable PPA/capex-free model. Same product/market fit in a different South Asian geography.

Direct peers

• Reon Energy: Pakistan-based solar EPC and IPP focused on commercial and industrial customers with a BOOT/PPA model similar to Shams Power. Competes head-to-head for C&I distributed solar projects across Lahore, Karachi, and other industrial hubs in Pakistan.
• Sky Electric: Pakistan-origin solar-plus-storage provider serving commercial and industrial customers. Comparable distributed generation technology and C&I target market; offers hybrid systems that overlap with Shams Power's solar-plus-storage optimization.
• Premier Energy Pakistan: Pakistani solar IPP and EPC company focused on utility-scale and distributed solar. Operates in the same C&I PPA space and competes for the same enterprise customer base that Shams Power targets.
• Burj Clean Energy: Pakistan-based renewable energy developer offering solar EPC and PPA solutions for commercial and industrial clients. Directly comparable BOOT/PPA-style offerings and customer verticals in the Pakistani market.

Broad incumbents

• Zonergy: Chinese solar EPC and IPP with established operations in Pakistan. Competes in distributed and utility-scale solar with broader geographic reach; overlapping customer segments in C&I and infrastructure projects.
• Engro Energy: One of Pakistan's largest power producers with thermal and renewable generation assets. While primarily a broad incumbent across multiple generation technologies, its renewable expansion overlaps with Shams Power's distributed C&I customer pool.

Emerging players

• Sun King (Greenlight Planet): Global emerging-market distributed solar company with pay-as-you-go and PPA-style offerings for businesses and households. Comparable distributed generation + financing model, though typically smaller-scale than Shams Power's enterprise PPAs.
• d.light: Emerging-market solar energy company providing distributed solar and financing solutions. Comparable distributed solar model targeting off-grid and under-electrified customers across Asia and Africa, with overlapping underlying technology stack.

Market position

Strengths5 records

Weaknesses4 records

Competitive moat6 records

Key risks6 records

Key highlights7 records

Customer concentration

• Facebookfacebook.com/ShamsPowerPK
• LinkedInlinkedin.com/company/shams-power/?originalSubdomain=pk
• Xx.com/shamspowerco

Revenue estimate

Valuation estimate

Number of profiles

Profiles1 record

Funding overview

Funding rounds2 records

Investors2 records

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Shams Power