President Zardari inaugurates Wind Power Project in Sindh

President Asif Ali Zardari on Monday inaugurated first 50-megawatt wind power project at Jhampir in Thatta terming it as the first concrete step towards tapping country’s vast renewable energy resources.

Addressing a gathering on the occasion‚ he said Pakistan has entered into a new era by starting its first wind power project.

The President said this area has power generation potential of fifty thousand megawatt.  He stressed for facilitating the investors to set up more and more wind power projects to meet growing needs of electricity.

President Zardari urged the investors to take advantage of business friendly policies of the Government and make more investment in the energy sector. He also directed the Sindh Government to set up an industrial zone in the area for the convenience of business community.

The President said that commencement of commercial operation of FFC Wind Farm was the beginning of exploiting the wind potential of Gharo?Keti Bandar Wind Corridor. This is an area that has power generation potential of 50,000 MW.

He said that it was a matter of great satisfaction to learn that many more wind power projects were in pipeline and would commence commercial operations soon.

The President said that Pakistan was an energy deficient country. He said that continued population and economic growth has placed great demands on energy. Reversal of previous energy policies, depleting oil and gas reserves and price hike has made the country vulnerable. We cannot afford inaction as it was not an option, the President said.

The President said that the launch of the First Wind Farm was an auspicious occasion which clearly demonstrated the commitment of the government to address the issue. The President said that the Government assumed office in the midst of energy crisis when the people of Pakistan were searching for alternatives. He said that the country has tremendous resources of Wind, Solar and Hydro power.

Unfortunately, he said, these resources have not been fully exploited. He said that converting potential into actual energy requires enabling environment, investment1 and state of the art technology. It requires bankable data, infrastructure, financing, creating incentives to investors and public support.

While acknowledging the role of all the partners in efforts to overcome energy shortage, the President said that the Government provided a level playing field to all investors, both local as well as foreigners. He said that the Government provided them one window facility through AEDB.

Short URL: https://www.newspakistan.pk/?p=36536

Posted by Web Desk on Dec 24 2012. Filed under Latest News, National, Pakistan. You can follow any responses to this entry through the RSS 2.0. You can skip to the end and leave a response. Pinging is currently not allowed.