Electrified: 52.8MW wind farm starts production 

The wind farm has been financed with a 50/50 mix of local and foreign financing


News Desk October 21, 2016
PHOTO: APP

The 52.8MW wind farm sponsored by Master Group, well-known for the Moltyfoam mattress brand, has commenced operations after successful completion of its seven-day reliability test run. The farm, located in the Wind Corridor of Sindh, comprises 33 state-of-the-art GE 1.6 XLE wind turbines and started power production on October 13. The power plant is part of the government’s initiative to enhance electricity generation from clean and indigenous sources. The wind farm has been financed with a 50/50 mix of local and foreign financing with the latter being secured solely through the Overseas Private Investment Corporation – a US development financial institution. The Master Group has diversified into a number of sectors including textile, automotive and engineering. The power project marks the group’s first foray into the energy sector.

Published in The Express Tribune, October 22nd, 2016.

COMMENTS

Replying to X

Comments are moderated and generally will be posted if they are on-topic and not abusive.

For more information, please see our Comments FAQ

Most Read