A Chinese company is coming up with a 50 MW wind energy project in Gharo, some 60 kilometres from Karachi, said HydroChina International Engineering Company Limited Vice President Wang Youngqiang on Monday. He said the cost of the project had been estimated at $120 million. Wang, who is on a visit to Pakistan, said the project had been initiated by HydroChina Dawood Power Limited (HDPPL)-a jointly incorporated company. He further pointed out that the project was a symbol of China-Pakistan friendship and that it would start functioning by June 2015. Wang was of the view that financial closure was expected to be reached either by the end of this year or by July 2014. He said the project would also help provide jobs to local people. Wang said the company was also thinking of initiating nine more similar projects of 50 MW each, owing to good prospects of wind energy projects.