ISLAMABAD: Pakistan plans to commission nine wind power projects with a combined capacity of 479 megawatt under deals signed since Prime Minister Muhammad Nawaz Sharif’s government took office two years ago, an official said.
Joudat Ayaz, director general of finance in Pakistan’s Alternative Energy Development Board, said the projects are worth $1.1 billion and are located in Sindh province stretching from Karachi up the Indus River, Bloomberg reported.
Lenders such as the International Finance Corp., Asian Development Bank, Overseas Private Investment Corp. and Habib Bank Ltd. are among those financing the projects.
The Alternative Energy Board is in talks for projects totaling another 774 megawatts for wind and 711 megawatts from solar installations. The country currently has 255 megawatt of commissioned wind farms.
The board estimates that the country can produce as much as 50,000 megawatts from wind projects, which currently has a power generation capacity of 22,000 megawatts.
