Pakistan is looking to increase the share of renewable energy in its overall energy mix substantially and has announced a roadmap that will see around 3.5 GW wind energy capacity operational by 2018.
The Alternate Energy Development Board (AEDB) recently announced that over 40 wind energy projects are in various stages of development and are likely to contribute around 2,050 MW capacity to the national grid by 2017-18.
The Chief Executive Officer of the AEDB, Amjad A. Awan, stated that the total installed wind energy capacity in the country is currently 255.4 MW, but is expected to increase rapidly. Currently 28 projects with a cumulative capacity of 1,396.4 MW are under construction, of which nine have achieved financial closure and 14 are under various stage of project development. Awan did not give details about the balance 1-1.5 GW capacity that the Board expects to be added by 2018.
Over the last few months, Pakistan has seen increased activity in the renewable energy sector. Several foreign companies have announced plans to invest in renewable energy projects in the country following government-level talks. A number of European companies have shown interest in Pakistan’s renewable energy sector. China continues to be a major investor in the overall power sector in Pakistan.