Sionnon said that financial close for 56 MW wind power project has been achieved and all other requirements have also been completed and construction on site has begun. Turkish investors are satisfied with investment-friendly environment in Pakistan and decided to set up another wind turbines project of 200 MW. The work in this regard has also been started. He appreciated the cooperation extended by Government of Pakistan, Ministry and AEDB for setting up wind farms in Pakistan to generate clean and cheaper energy.
The delegation also asked the Minister for provision of land in the wind corridor in coastal area of Sindh for their 200 MW wind turbines project.
Minister for Water and Power, Syed Naveed Qamar appreciated Turkish investment in alternative energy projects and said that it will attract more investors in this sector. He said that government has planned to generate 1,500 MW on fast track basis from wind energy and upfront tariff has been announced in this regard to facilitate investors.
He assured the delegation that land for 200 MW wind turbines project will be provided to company on lease at the earliest and directed AEDB CEO to take up matter with Government of Sindh for early allotment.
The Minister also said that government will facilitate Zorlu and other Turkish investors and asked to make more investment in this sector.
He said that Pakistan is energy starved country and government is taking all possible steps to overcome energy shortages. He said that government is focusing on cheaper energy generation in future which is only possible through alternative and indigenous resources like wind power, solar power, coal and hydel.