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Zardari ask for pushing wind power projects

Karachi: President Asif Ali Zardari on Friday said that by the end of 2012, Pakistan should be producing 500MW of wind power.

 Zardari ask for pushing wind power projects

For this purpose, he called for periodic reports to be submitted to the Presidency, indicating the progress, made and the bottlenecks encountered.

During a briefing by Alternative Energy Development Board, Board of Revenue Sindh and Sindh Investment Board on wind power projects, here at Bilawal House Friday, it was informed that three wind power projects of 50MW each would start producing power within a year while the work on another 10 projects of 50MW each would start early next year.

The President was informed that another 5 projects were at initial stage of financial close in 2012.

He directed that land allocation process for 18 other wind power projects also be expedited.

Spokesperson to the President, Farhatullah Babar said the President was informed that all projects companies involved with wind power projects, have suggested announcement of upfront tariff to save at least six months project time which is spent in tariff determination by the authority concerned.

The President directed NEPRA to examine the suggestion and expressed the hope that NEPRA would soon arrive at a consensus upfront tariff regime for all the projects till the capacity to produce 2000 MW is achieved.

However, the option of opting for normal tariff determination system would remain open for the companies, which do not opt for the upfront tariff, he said.

The President said that incentives would be given to the companies that would be able to start their power productions within one year.

He also directed for finalization of schemes for construction of road networks in the areas of the power projects.

During the briefing, the President expressed satisfaction that Zorlu Energy of Turkey, FFC Wind Energy and CWE of China, each with 50MW capacity have reached advanced stage and would be able to generate power by December 2012.

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