wiqi21
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US-based New Generation Power International (NGPI) will develop a 200MW of solar and a 100MW of wind power project in the Jamshoro-Thatta region of Sindh, Pakistan.
The company has signed a Letter of Intent with the Government of Sindh - Directorate of Alternative Energy to develop the projects, which are expected to cost $550m.
NGPI is working in consortium with SeaSpire Advisors and will be the primary developer for the projects on a build, own and operate basis.
The two companies have already started due diligence and feasibility and technical studies for the projects.
After completion, the projects will provide enough energy for the national grid as well as to nearby cities like Hyderabad and Karachi.
Government of Sindh energy secretary Agha Wasif Abbas said: "These projects will provide direct and indirect benefits to our economy in addition to establishing a renewable energy industry including transfer of technology and other peripheral economic activities."
SeaSpire Advisors managing principal Jafer Hasnain said: "Our goal is to break ground as soon as possible to bring much needed electricity to the people of Pakistan."
According to reports cited by the company, lack of reliable energy impacts Pakistani economy and according to the estimate about 400,000 people would lose their jobs per year because of the ongoing shortages in electricity.
Image: The 200MW of solar and 100MW of wind power projects in Pakistan are expected to cost $550m. Photo: courtesy of Anusorn P nachol/FreeDigitalPhotos.net
http://ht.ly/MWp7k
NGPI is working in consortium with SeaSpire Advisors and will be the primary developer for the projects on a build, own and operate basis.
The two companies have already started due diligence and feasibility and technical studies for the projects.
After completion, the projects will provide enough energy for the national grid as well as to nearby cities like Hyderabad and Karachi.
Government of Sindh energy secretary Agha Wasif Abbas said: "These projects will provide direct and indirect benefits to our economy in addition to establishing a renewable energy industry including transfer of technology and other peripheral economic activities."
SeaSpire Advisors managing principal Jafer Hasnain said: "Our goal is to break ground as soon as possible to bring much needed electricity to the people of Pakistan."
According to reports cited by the company, lack of reliable energy impacts Pakistani economy and according to the estimate about 400,000 people would lose their jobs per year because of the ongoing shortages in electricity.
Image: The 200MW of solar and 100MW of wind power projects in Pakistan are expected to cost $550m. Photo: courtesy of Anusorn P nachol/FreeDigitalPhotos.net
http://ht.ly/MWp7k
