Up to $2.7B investments expected in Pakistan wind projects
An investment between $1.2 billion and $2.7 billion in wind energy projects in Pakistan are expected by its government.
Currently, the country is developing wind power plants in Jhimpir, Gharo, Keti Bandar and Bin Qasim in Sindh.
According to a United Stated Agency for International Development report, Pakistan has the potential of producing approximately 150,000MW of energy through wind, with 40,000MW coming from the Sindh corridor.
The Pakistani government plans to achieve up to 2500MW by end of year 2015 from wind energy.
Work on Zorlu energy wind power project with 50MW generation capacity is underway in Jhimpir and will start trial production soon. Pakistan’s Alternative Energy Development Board recently approved a New Park Energy Phase-I, 400MW wind project near Port Qasim.
Many other alternative energy projects are also on the cards to attract foreign investment and bridge the power deficit.
According to official estimates, Pakistan has the potential to generate 143,000 megawatts through solar and wind energy.