KARACHI: Two wind power companies, Gul Ahmed Wind Power Limited and Tenega Generasi Limited, have signed a land lease agreement for allotment of 5,528 acres to generate 100MW.
Sindh Secretary Energy Agha Wasif Abbas and other senior officials were also present on the occasion. Both the companies will provide 100MW wind power by the end of September 2016 through Clean and fuel free resource. The projects will bring direct investment of $247 million in Sindh and create substantial job opportunities.
Speaking on the occasion, Secretary Energy Department Agha Wasif Abbas informed that the Sindh government is actively facilitating project developers to mitigate energy crisis and seven companies have been awarded final lease agreements during the last few months. He said that all the project development agreements including financial arrangements have been signed and the physical construction will start from April 2015.
Agha Wasif said that Gul Ahmed Wind Power has been allotted 647 acres in Jhampir Wind corridor and the company will install 25 state-of-the-art German Wind Turbines with each capacity of 2.5 MW. The project will generate 158GWhs per annum from 2016 to 2036 Gul Ahmed group will finance 55%, while 35% will be financed by a Singapore based Development Company and 10% by the International Financial Corporation (IFC).
Secretary Energy further said that Tenaga Generasi Limited will install 31 turbines of 1.6 MW made by General Electric and will be installed in Taluka Mipur Sakro, with an investment of 120 million USD. The annual energy output of the project will be 134.42 GWh. financing has been committed by Overseas Private Investment Corporation of USA and International Finance Corporation (IFC).
