Vestas, the world giant in wind turbine manufacturing is in Pakistan to hit its market with the latest research that this country has unique potential for wind power production. Vestas' president, Sean Sutton, in right now in Pakistan with his team to negotiate deal for sale of power turbines. It is first ever visit of Vestas' president to Pakistan.
Sean Sutton is presently negotiating with Fauji Foundation and at least eight other potential buyers for sale of Nestas products. Vestas deal with Fauji Foundation for sale of 100 MW wind turbine is said to be at an advance stage. The two sides are likely to finalise the deal in next couple of weeks or so.
We are negotiating deal with Fauji Foundation for sale of 100 MW wind turbine and at least with more than half of dozens potential buyers but since Vestas is listed on the stock exchange we do not want to make any press statement or formal announcement, said one member of Vestas team engaged in negotiation with different interested parties for sale of wind turbines.
Vestas is the world major US wind turbine manufacturing company having manufacturing facility in a number of countries including China and India. Vestas Asia Pacific office Singapore deals with Asia markets including Pakistan. Alternative Energy Development Board (AEDB) is facilitating Vestas' delegation meetings with Pakistani public and private sectors' parties interested in setting up wind power generation units. Vestas being a major company of wind power turbine manufacturing is interested in making its entry into Pakistani market feeling that this country has great potential for wind power production. Pakistan's rising power demand and supply gap makes Vestas' entry into Pakistan a big attraction. Australia, Philippine India and many other countries have proved potential markets for Vestas. With around $9 billion annual turnover Vestas is eyeing Pakistani and some other Asian markets and add to its share in global wind power business.
Different studies suggest that Pakistan was blessed with huge potential to produce electricity through wind power generation. Its unique east winds corridor, according to a study, on possibilities of wind power production a potential of producing for Pakistani people over 50000 MW electricity. By taking optimum use of wind power production Pakistan can use huge electricity in next couple of years. Experts in wind power say that wind turbines project take around four years to complete and its comparatively cheaper source of electricity production.
But since some parties like Pakistan like Fauji Foundation are working on their wind power projects for the last couple of years their projects could be completed in one year or so after singing the deal with Vestas and completing other requirements. AEDB has provided a necessary framework for private parties looking to setup wind power projects in Pakistan to help the government mitigate energy crisis. The experts are taking Vestas' entry into Pakistan as a good omen at this point in time when Pakistan needs coming in of big world giants like Vestas into its market.
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