Wind energy in Pakistan: 2000 MW wind power MoU signed

In a major breakthrough in the renewable energy, Chief Minister Sindh Syed Qaim Ali Shah witnessed the signing ceremony of a Memorandum of Understanding (MoU), with KOSPO (Korea Southern Power Company).

The MoU was signed by Secretary Investment Sindh Muhammad Younis Dagha and the Chief Executive Officer of KOSPO , said a statement issued here. In consequence of the MOU, 2000 MW wind power projects will be established in the Gharo- Keti Bandar Wind Corridor. KOSPO is one of the Six Public Sector Power generating company in KOREA who have earlier visited Jhimpir for initial survey for the wind corridor.

Their presence in Pakistan and development of wind turbines projects is a testimony of the investment friendly policy of the present Government. Later, Chief Minister Sindh Syed Qaim Ali Shah held a meeting with Chairman and President of Lotte Group for enhancing investment in Pakistan.

Lotte Group has invested about dollar 200 million in PTA Plant at Port Qasim and after profitable operation with in the last 2 years, are looking forward to diversify their investment portfolio by acquiring Kolson Food Industries. Chairman Lotte informed that he believes that Pakistan has a promising economic future.

The Chairman assured the Chief Minister Sindh that since Lotte has been in profit due to enabling business environment and intend to expand their present plant capacity by injecting another 500 million dollars. They also showed interest in developing Kenjhar Lake Resort and other infrastructure projects.