President Zardari says by end 2012 Pakistan should be producing 500MW wind power

Karachi: President Asif Ali Zardari says that by end of year 2012’ Pakistan should be producing 500MW of wind power. He said this during briefing by Alternate Energy Development Board’ Board of Revenue Sindh & Sindh Investment Board on wind power projects here. He called for periodic reports to be submitted to the Presidency indicating progress made and bottlenecks encountered.

Three wind power projects of 50MW each would start producing power within a year and work on ten projects of 50MW each would start early next year. Another five projects were at initial stage of financial close in the year 2012.

President was informed that all companies involved with wind power projects have suggested announcement of upfront tariff to save at least six months project time which is spent in tariff determination by concerned authority.

Zardari asked NEPRA to examine suggestion and expressed hope NEPRA would soon arrive at a consensus upfront tariff regime for all projects till the capacity to produce 2000MW is achieved. However’ option of opting for normal tariff determination system would remain open for companies opting not to go for upfront tariff. He said incentives would be given to companies that would be able to start their power production within one year.

Leave a Reply