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AEDB approves 9 more power projects worth $1 billion

byCustoms Today Report
08/05/2015
in Business
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ISLAMABAD: The Alternative Energy Development Board’s (AEDB) 33rd meeting, chaired by Water and Power Minister Khawaja Asif, has approved nine new solar/wind power projects to overcome the prevailing energy shortfall.

The meeting was told that the new projects worth $1 billion would be made operational by September 2016, thus the wind power projects’ supply to national grid would reach 937MW. Currently, wind power projects are supplying 255.4MW of electricity to the national grid, said an official statement.

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The new projects would use modern technology and offer lower tariffs compared to previous solar/wind projects, the minister said. He also dispelled the impression that there was any ban on new solar/wind projects by the government.

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