An investment of $130 million is being made for setting up a 50-megawatt wind power project near Gharo, Sindh. Two private companies – HydroChina and Dawood Power Limited – are working on the project as part of a joint venture.
A state-owned Chinese bank will handle finances for the clean energy project while the Sindh government has allocated 1,720 acres of land. Dawood Power has got a Letter of Intent from the Alternative Energy Development Board.
The investors have acquired a no-objection certificate based on the Initial Environment Examination report from the Sindh Environmental Protection Agency, along with a generation licence and upfront tariff from the National Electric Power Regulatory Authority.
They have also entered into an energy purchase agreement with the National Transmission and Dispatch Company.
Officials of the provincial energy department said more than 40 companies were engaged in the province to produce 3,000MW from the wind corridor. They said another 50MW project was being executed by China Three Gorges Company, which would start supplying electricity to the national grid in two months.
