Deals for 11 wind power projects signed

ISLAMABAD: The Alternative Energy Development Board (AEDB) has signed implementation agreements for 11 wind power projects keeping in view the government’s vision of an increase in the share of renewable energy to at least 30% by the year 2030.

“Cumulative capacity of the 11 wind power projects is 560 megawatts and these projects will provide more than 1.8 billion units of clean energy annually,” said a statement issued on Tuesday.

An investment of around $700 million will be brought to Pakistan as soon as these independent power projects achieve financial close in the coming weeks. The projects are envisaged to come online by 2021.

At the signing ceremony, AEDB Chief Executive Officer Dr Rana Abdul Jabbar appreciated the efforts made by the private sector for bringing clean and cheaper electricity to the consumers of Pakistan. He was of the view that the growing share of renewable energy in the overall generation mix would not only bring down the overall basket tariff but would help reduce the import bills. 

Published in The Express Tribune, November 13^th, 2019.

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