The ground breaking ceremony of country’s first ever, wind power project of 49.5 MW will be held in next month at Jhampir district Thatta and contractor of the project has already initiated construction work on the site.
This is a landmark in wind sector of the country achieved by Fauji Fertilizer Company (FFC) Energy Limited under the facilitation of Alternative Energy Development Board (AEDB).
Official sources in AEDB said that several other wind projects were also in pipeline and the year 2011 would see financial close of another 4-6 projects in wind sector alone.
With this landmark project, Pakistan would enter amongst the nations utilizing wind energy for electricity generation at commercial scale, they said.
The most significant and unique feature of the Pakistan’s wind energy sector is that it would be the fastest realization of wind energy projects by any country in the world without the involvement of Government funding, subsidies or public projects.
They said Pakistan would become the first country, where the wind power projects were being initiated directly by the private sector without public money or public projects.
Pakistan now offers an investment friendly and lucrative wind energy market for the investors and equipment suppliers.
Only a few years ago, the wind energy sector of Pakistan had no attraction to the investors and suppliers. Now more than six contractors are ready to provide their services in Pakistan.
The financing of projects has also become available with IFC, ADB, OPIC and other commercial banks and financing institutions ready to finance wind power projects.
They said the alternative renewable energy based projects; especially wind projects would play an important role in the future energy mix of Pakistan. Wind energy projects are a viable option for the near future with the benefit of indigenous resource and cheap electricity as compared to conventional fossil fuel projects.
These projects are also expected to create significant number of job opportunities and possibilities of local manufacturing.