More Chinese renewable energy companies are being rewarded orders for development of renewable energy projects in Pakistan.
Ming Yang Wind Power recently announced that it has secured an order to supply wind turbines equivalent to cumulative of 50 MW capacity to a project being developed in Pakistan. The company will supply 33 wind turbines of 1.5 MW capacity each, starting September.
A number of Chinese companies are directly involved in the development of several wind energy projects in Pakistan. Last year, another 50 MW wind energy project that received investment from a Chinese company was also commissioned, receiving $130 million investment from the China Three Gorges Corporation.
Earlier this year, Goldwind agreed to supply 30 MW of wind energy turbines to a project being developed by HydroChina Huadong Engineering. HydroChina Investment Corporation has also announced $115 million investment in a 50 MW wind energy project being constructed near Karachi.
Wind energy capacity remains very low compared to all other power technologies but has increased rapidly over the last 4-5 years.
All of these projects are likely being developed as part of the China-Pakistan Economic Corridor. In 2013, the National Electric Power Regulatory Agency (NEPRA) announced a levelised tariff of PRK 13.2/kWh (US$0.13/kWh) for wind energy projects. This tariff, however, was initially applicable only to 500 MW capacity whereas about 1.8 GW of capacity has been announced in the country so far. Following concerns raised by project developers, NEPRA extended the tariff to projects that had achieved financial closure by 31 March 2015.
Renewable energy projects are critical for Pakistan’s power sector which has been reeling with huge supply-demand gap for years.
Don't want to miss a cleantech story? Sign up for daily news updates from CleanTechnica on email. Or follow us on Google News!
Have a tip for CleanTechnica, want to advertise, or want to suggest a guest for our CleanTech Talk podcast? Contact us here.