TechLahore
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This is wonderful news... 18 IPPs each putting up a 50MW plant. That would mean in the next few years we will be generating over 1GW from Wind. We've already got the first couple of plants operational in Sindh. Hyundai heavy industries are currently building another plant also in Sindh.
Energy-starved Pakistan seeks wind investors
* 18 IPPs allocated land for wind power projects of 50 MW each
ISLAMABAD: Pakistan this year expects to finalise four wind power deals worth $500 million to exploit a renewable resource that has been barely tapped in a country with a yawning gap between power capacity and demand.
The country suffers chronic power cuts that inflame public anger and stifle industry, a crisis seen by analysts as a test for President Asif Ali Zardari. Daily shortfalls range from 4,500 to 5,000 megawatts (MW), Water and Power Ministry figures show.
But the countrys coastal belt holds particular promise for wind power, with a potential for producing 50,000 MW, according to the US National Renewable Energy Laboratory.
Arif Alauddin, chief executive of the Alternative Energy Development Board (AEDB), on Friday said talks were underway with six Pakistani investors to build wind farms.
We have reached a stage where I can say at least four deals will be finalised this year and production will start next year, he told Reuters. The worth of these deals will be $500 million, he added. They would encompass four 50 MW plants with expected completion by the end of 2011, he said.
Please visit Daily Times - Leading News Resource of Pakistan to read the rest of the story
Energy-starved Pakistan seeks wind investors
* 18 IPPs allocated land for wind power projects of 50 MW each
ISLAMABAD: Pakistan this year expects to finalise four wind power deals worth $500 million to exploit a renewable resource that has been barely tapped in a country with a yawning gap between power capacity and demand.
The country suffers chronic power cuts that inflame public anger and stifle industry, a crisis seen by analysts as a test for President Asif Ali Zardari. Daily shortfalls range from 4,500 to 5,000 megawatts (MW), Water and Power Ministry figures show.
But the countrys coastal belt holds particular promise for wind power, with a potential for producing 50,000 MW, according to the US National Renewable Energy Laboratory.
Arif Alauddin, chief executive of the Alternative Energy Development Board (AEDB), on Friday said talks were underway with six Pakistani investors to build wind farms.
We have reached a stage where I can say at least four deals will be finalised this year and production will start next year, he told Reuters. The worth of these deals will be $500 million, he added. They would encompass four 50 MW plants with expected completion by the end of 2011, he said.
Please visit Daily Times - Leading News Resource of Pakistan to read the rest of the story