The Sindh province has gained another $ 130 million investment from China to establish 50MW wind power project near Gharo city.
This project is executed by two private companies which includes Hydro China and Dawood Power (Private) limited under their joint venture.
The financing of this project would be by the Chinese state-owned bank, whereas the Sindh government has allotted 1,720 acres of land to the company after it obtained LOI for 50 mega watt wind power project from Alternate Energy Development Board (AEDB), NOC on Initial Environment Examination (IEE) report from SEPA, generation license and, upfront tariff from NEPRA and Energy Purchase Agreement (EPA) with NTDC.
The financial close of this project is expected by the end of this year and the construction will start from January 2015. The total construction period will be 18 months and commercial operation of this project would be initiated before June 30, 2016.
This project was included as one of top priority projects for Pak-China Economic Corridor and to generate hundreds of jobs for local people.
Chief Minister Qaim Ali Shah witnessed sub lease (land) signing between AEBD and Hydro Dawood China Wind Farm (50 Mw) at CM House on Monday.
The Consul General of China, officers of AEBD and energy department also attended the ceremony.
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