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Power production: Investment programme worth $1.5b underway

Chairman Board of Investment (BOI) Mohammad Zubair said that the government has initiated an extensive wind energy programme to meet the increasing energy demand and introduce renewable energy technologies in the country with a target of achieving minimum 5% of the total power generation of the country that is 9,700 megawatts(MW) through alternative and renewable energy by 2030.

Managing Director of Nexif, Matthew Bartley, briefed chief of BOI that the company is already active in Pakistan’s power sector having made an investment for infraCo Asia (subsidiary manager) in a 50% interest in Metro 50MW wind project and 49% interest in the adjacent Gul Ahmed 50MW wind project.

A member of the delegation informed Chairman BOI that investment worth $1.5 billion is ready for the production of 800MW.

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