Karachi, February 12, 2015 (PPI-OT): The Land Lease Agreement for allotment of 5528 acres were signed with two Wind Power Companies Gul Ahmed Wind Power Limited and Tenega Generasi Limited today at Energy Department, Government of Sindh. Both the companies will provide 100 MW wind power by the end of September 2016 through Clean and fuel free resource. The projects will bring direct investment of US$ 247 million in Sindh and create substantial job opportunities.
The signing ceremony was witnessed by Secretary Energy Agha Wasif Abbas and other senior officials. Speaking on the occasion, the Secretary Energy Department Agha Wasif Abbas informed that Government of Sindh is actively facilitating project developers to mitigate energy crisis. During the last few months, seven companies have been awarded final lease Agreements.
He informed all the project development agreements including financial arrangements have been signed and the physical construction will start from April 2015. He said that Gul Ahmed Wind Power has been allotted 647 acres in Hamper Wind corridor and the company will install 25 state of the art German Wind Turbines of 2.5 MW each.
The project will generate 158 GWhs 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 Mirpur Sakro, with an investment of 120 million USD. The annual energy output of the project will bee 134.42 GWh. financing has been committed by Overseas Private Investment Corporation of USA and International Finance Corporation (IFC).
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