Sindh has abundance wind, coal, solar and other natural resources which can bolster investment and trade prospects: Dr. Asif A. Brohi

Karachi, December 15, 2015 (PPI-OT): Chairman, Sindh Board of Investment, Dr. Asif A. Brohi has said that the Sindh Government had been trying to provide uninterrupted energy to the National and Foreign investors, adding that Sindh has a natural wind corridor with high wind speed for power generation which would be a main source of alternate energy for investors. This he said while holding a meeting with Zahid Majeed, Managing Director, German Wind Turbine Company NORDEX.

Mr. Brohi said that the need of the time was that we should harness our indigenous resources to cope with the energy crises in the country. He further stated that serious efforts were underway for contain energy crisis in Pakistan through multiple measures. The investors have been offered huge benefits for investing in the Thar Coalfields with 20 percent dollar based guaranteed rate of return with a 30 year tax holiday. He further elaborated that SBI was working closely with private sector to examine interventions for the energy, infrastructure and Urban Development Sectors.

On the occasion, Zahid Majeed informed that NORDEX had already provided the turbines and installed 3 wind farm of 50 MW each in Jhimpir, Thatta. Currently 02 wind farm was installed in collaboration with Gul Ahmed and 01 was installed by Younis Energy Limited. He further informed that under the brand name, Nordex we offer powerful wind turbines for almost all geographic regions across the globe.

Later on, Director General, SBI, Iftikhar Ali Shallwani, informed that investors could earn maximum profits to install wind turbine in one of the best Wind Corridor of the world which is located in Sindh. He further elaborated the government of Sindh had provided one window operation regarding land allotment and other related facilities for the interested investors. He informed that SBI would hold an International Business Round of Negotiations in March 2016, which will feature key energy projects.

For more information, contact:
Sindh Board of Investment
Government of Sindh
1st Floor, Tower B, Finance and Trade Centre
Karachi, Pakistan.
Tel: +92-21-99207512-4
Fax: +92-21-99207515