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ISLAMABAD: The work on 22 wind power projects is underway at Gharo-Keti Bandar and Hyderabad in Sindh. The place where the projects are being carried out is a wind corridor having a production capacity of 1,530 megawatts of electricity.

According to media reports, official sources said that nine wind turbine generator projects are in the final stages of development while the other nine are still under-construction.

They said that presently, five wind turbine generator projects, each with 50 MW production capacity are currently operating in the Gharo-Jhampir wind corridor.
 
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Dubai's Abraaj Group invests in 50MW wind power project in Sindh


The Abraaj Group, a Dubai based investment group, announced it had bought a majority stake in a 50MW wind power project in Sindh, it has been learnt.

The project — which is part of the Jhimpir wind corridor — achieved financial close in August 2016 and is expected to commence operations in the first quarter of 2018, read a statement issued by Abraaj Group on Wednesday.

“The Jhimpir wind corridor is an established area for wind projects with 550MW of capacity already operational and a further 1GW under the construction and development phase,” it stated.

The project will be powered by General Electric (GE) wind turbines, with the Huadong Engineering Corporation appointed as the EPC contractor and GE providing the overall operations and maintenance for the project, it further revealed.

Commenting on the transaction, Managing Partner and Global Head of Abraaj’s Thematic Fund Business Sev Vettivetpillai said, “Our investment into the Jhimpir wind corridor marks our second transaction under Abraaj’s dedicated clean energy platform.”

“With a shortage of over 6,000MW and rising power consumption in Pakistan today, we are excited by the sheer size of the clean energy infrastructure opportunity, enabling government policies and the potential of the Jhimpir wind corridor,” Vettivetpillai was quoted as saying.

“The attractive renewable power policy framework implemented by the government has created a strong impetus for the private sector to invest in clean energy in Pakistan,” said Saad Zaman, Partner at The Abraaj Group.
 
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SEDPL Brings 50 MW Wind Power Project Online in Sindh

Sachal Energy Development (Pvt.) Ltd. ( SEDPL), a wholly owned subsidiary of of Arif Habib Corporation Limited, has achieved its Commercial Operations for 49.5 MV Wind Energy Project on 11th April 2017.

In a notification to the Pakistan Stock exchange, the company secretary confirmed that the formal notification from the Central Power Purchasing Agency (Guaranteed Ltd) has been received by their subsidiary.

SEDPL’s Wind Energy Project is the first Pakistani-owned early harvest project of CPEC. It has been constructed on 680 acres of land situated at Jhimpir Wind Corridor, Sindh and is committed to supply electricity to National Grid through National Transmission and Dispatch Company Ltd for 20 years under Energy Purchase Agreement.

Alternate sources of energy are the way forward. SEDPL will contribute to national development by reducing dependence on imported fossil fuels and producing 136.5 GWh yearly of clean energy.

The project comprises of 33 Wind Turbine Generators manufactured by Goldwind of China and Hrdrochina is the EPC and O&M Contractors for the project. The Project has guaranteed return on Equity of 17%and payback period of 5.9 years. Debt portion of the project has been financed by Industrial and Commercial Bank of China (Backed by SINOSURE).

The Company had acquired generation license and tariff determination by NEPRA and had received a Letter of Support from the Alternate Energy Development Board (AEDB).

Similarly, the Company had executed its EPA with NTDC and IA with AEDB. Furthermore, foreign and local financing facility agreements with Industrial and Commercial Bank of China were signed in February 2015 and May 2015 respectively.
 
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49.5 MW Sachal Wind Power Project Jhimpir 1st Wind Turbine Installation.

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