Sindh govt signs MoU for 50MW wind power project

[A.Rafay]

KARACHI: The Sindh government has signed a Memorandum of Understanding (MoU) with WIKOVWIND AS – a Czech company – for the generation of 50 megawatts (MW) of electricity through the wind corridor in Gharo Jhimpir, Thatta.
The MoU was inked by Sindh Board of Investment Director General Muhammad Riazuddin and WIKOVWIND Company head Martin Wichterle in the presence of Sindh Chief Minister Syed Qaim Ali Shah, Sindh Minister for Finance Syed Murad Ali Shah and Sindh Minister for Information Sharjeel Enam Memon, among others. A delegation of investors from the Czech Republic also witnessed the ceremony.
Minister for Finance Syed Murad Ali Shah, while giving out the details of the MoU, said that the Sindh government will execute the project and arrange the funds, while the Czech company will provide required material, machinery and technology.
He added that financing for the 50MW power generation project will be arranged before December 31 this year, while construction will start in January 2013.
On the occasion, Wichterle said that investing in power generation through wind was a great opportunity, and that his company will bring in more business for the local industry. He added that the Czech Republic wants to enhance its business and investments opportunities in Pakistan, and many other power generation projects are under consideration which will help in resolving the energy crisis faced by the country. Meanwhile, he said, bilateral cooperation in trade and investment will also be boosted significantly.
“Sindh is the first province to take the lead in power generation through wind resources. The province has has the potential of generating 50,000MW of power through wind in the coastal belt of the province” said Qaim Ali Shah, while addressing the gathering.
The Sindh Chief Minister said that investment-friendly policies of the Sindh government are attracting more and more foreign investment in the province, which also reflects the confidence of investors on the government’s initiatives.
Later, while talking to media persons, the CM revealed that a foreign company also wants to invest in power generation through coal in the Badin district.

 

[A.Rafay]

KARACHI: The Sindh government has signed a Memorandum of Understanding (MoU) with WIKOVWIND AS – a Czech company – for the generation of 50 megawatts (MW) of electricity through the wind corridor in Gharo Jhimpir, Thatta.
The MoU was inked by Sindh Board of Investment Director General Muhammad Riazuddin and WIKOVWIND Company head Martin Wichterle in the presence of Sindh Chief Minister Syed Qaim Ali Shah, Sindh Minister for Finance Syed Murad Ali Shah and Sindh Minister for Information Sharjeel Enam Memon, among others. A delegation of investors from the Czech Republic also witnessed the ceremony.
Minister for Finance Syed Murad Ali Shah, while giving out the details of the MoU, said that the Sindh government will execute the project and arrange the funds, while the Czech company will provide required material, machinery and technology.
He added that financing for the 50MW power generation project will be arranged before December 31 this year, while construction will start in January 2013.
On the occasion, Wichterle said that investing in power generation through wind was a great opportunity, and that his company will bring in more business for the local industry. He added that the Czech Republic wants to enhance its business and investments opportunities in Pakistan, and many other power generation projects are under consideration which will help in resolving the energy crisis faced by the country. Meanwhile, he said, bilateral cooperation in trade and investment will also be boosted significantly.
“Sindh is the first province to take the lead in power generation through wind resources. The province has has the potential of generating 50,000MW of power through wind in the coastal belt of the province” said Qaim Ali Shah, while addressing the gathering.
The Sindh Chief Minister said that investment-friendly policies of the Sindh government are attracting more and more foreign investment in the province, which also reflects the confidence of investors on the government’s initiatives.
Later, while talking to media persons, the CM revealed that a foreign company also wants to invest in power generation through coal in the Badin district.