KARACHI: The first wind power project having capacity of producing 650 megawatts of electricity is to be installed at Jhimpir Wind Corridor in district Thatta of the Sindh Province, media citing official sources reported on Saturday.
The official sources said that a consortium of Chinese banks and insurance companies have agreed to invest an amount of $1 billion in the project.
The project will be undertaken by the NBT Wind Power Company as a joint venture by Norwegian and local partners, the sources said. They said that the NBT Wind Power Company has already carried out all the preliminary studies like wind data, environmental protection report and technical studies while it is in process of obtaining tariff and generation license from the National Electronic and Power Regulatory Authority.
It is expected that the project would be made operational by 2016 and go a long way in meeting energy requirements of the nation.
