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Govt plans to attract foreign investment in alternate energy

The government launched plans to attract foreign investment in wind and solar energy potentials, which have the capacity to generate about 143,000MW electricity in the country. About US$1.2 to 2.7 billion investment is expected in both forms of energy.

Work on wind power plants is underway in Jhimpir, Gharo, Keti Bandar and Bin Qasim in Sindh province. Some of these will come into operation next year. Wind speed in the Sindh corridor is stronger and stands in a category between 7.5 and 7.7 m/s.

A USAID report says Pakistan has the potential to produce 150,000MW wind energy, of which only the Sindh corridor can produce 40,000MW. The government plans to achieve up to 2500MW by end of year 2015 from wind energy.

Work on the country’s first-ever Zorlu Energy Wind Power Project with 50MW generation capacity is underway in Jhimpir and start trial production soon. Pakistan Alternative Energy Development Board AEDB recently approved New Park Energy Phase I, 400MW wind project near Port Qasim.

With help of China-3 Gorges Corporation, a 50MW wind energy plan at Jhimpir will be completed next year. An MoU was signed at Pak-China Joint Energy Group JEWG meeting to set up wind energy projects of 550MW accumulative capacity initially. A fund was also established by the government to mainstream, implement alternative energy technologies.

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