Chinese firm to set up 50MW wind farm

Plans to build nine more after first is completed by mid-2015.


APP June 24, 2013
The cost of the project has been estimated at $120 million, says Youngqiang. PHOTO: FILE

KARACHI:


A Chinese company HydroChina International Engineering Company is planning to set up a 50-megawatt (MW) wind farm in Gharo, 60 kilometres east of Karachi, according to the company’s vice president Wang Youngqiang.


He said that the cost of the project had been estimated at $120 million. Youngqiang who is on a visit to Pakistan said that the project had been initiated by HydroChina Dawood Power –a jointly-operated company.

Youngqiang said the project will kick-off operations by June 2015 as closure of financials were expected to be finalised by either end of this year or July 2014. The wind power project will also provide employment to locals residing in the area.

HydroChina International Engineering Company also planned to establish nine more wind farms of 50MW each in the future as Pakistan’s wind corridor held good prospects for alternative energy generation.



“We look forward to more business to invest especially in the local power sector,” Youngqiang added. The vice chairman of the Chinese-based company was of the view that there was a potential of generating up to 50,000MW through wind in the country.

He also appreciated the newly-elected government’s focus on resolving the energy crisis and the circular debt alongside coming up with the new energy policy.

HydroChina Engineering Company Investment Manager Jiang Li and HydroChina Dawood Power Chief Financial Officer Muhammad Saleem Munshi were also present on the occasion. 

Published in The Express Tribune, June 25th, 2013.

Like Business on Facebook, follow @TribuneBiz on Twitter to stay informed and join in the conversation.

COMMENTS (9)

hamza khan | 11 years ago | Reply

@Dara Shaikh:

pakistan has had an alternative energy development board since 2004 and the government then had initiated several projects which the PPP government got rid of when it came. so NS isnt doing anything that revolutionary.

usmani | 11 years ago | Reply

We have been listening for wind power projects since decades and it always installed on paper.

That is the tragic story of pakistan energy sectors.We would believe only when we see the projects going on air and give the power to the poor habit ants and the project not go to the wind.

VIEW MORE 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