National News

ISLAMABAD, (APP): Iran-Pak Wind Power Pvt Limited has
submitted an application to National Electric Power Regulator
Authority (NEPRA) for power generation license for its 50 MW wind
power project.
Sources told APP here that the Company obtained first Letter
of Intent (LOI) from Alternative Energy Development Board (AEDB) in
August, 2006 to setup 50 MW Wind power project at Jhimpir.
Sindh government had allocated the land for the project
through an “Agreement to lease”. A fresh LOI to the company was
issued by Sindh Energy Board in March 2016, they said.
The Project would have an installed capacity of 49.5 MW with
15 wind turbine generators (WTG)of 3.3 MW each.
The company also sought the Upfront Tariff for the project
simultaneously with generation license. Upon issuance of the
Generation License and Upfront tariff, the company would execute the
Energy Purchase Agreement with the power purchaser and reach
financial close by August 2016.
The project would cost $110.28 million and its expected
commercial operation date is Oct 2017.