KARACHI: Sindh Chief Minister, Syed Qaim Ali Shah, has welcomed the management of Hydro China Dawood Power Limited for their investment of $ 130 million for the establishment of 50 MW Wind Power Project at Bhambhore near Gharo.
The CM assured them full support and cooperation of the provincial government to make the project a success.
He was talking to a five-member delegation of Hydro China Dawood Power Limited which called on him at the CM House here on Friday evening.
The Chief Minister said that Sindh has great potential in the field of wind energy and any investment to exploit its wind energy corridor would be welcomed and encouraged.
He assured the delegation that their problems pertaining to provincial government would be resolved on priority basis and those belonging to Federal government would be got resolved with the help of the Prime Minister.
He said that the provincial government has already allocated 1,720 acres of land to their company for the establishment of 50 MW Power Project while the matter of the confirmation of power evacuation from NTDC and approval for up-grant tariff from NEPRA would also be got resolved with the help of the Prime Minister, so that the company could execute its commercial operation date (COD) as per its schedule, that is, June 2015.
While responding the Chief Minister's invitation for further investment in Sindh, the leader of delegation Wang Yong Qiang, who is also Chief Executive Officer of the company offered investment for establishment of 500 MW Wind Power project in the Sindh.
He said that his company was in the process in establishing a 50 MW Wind power project at Bhambhore near Gharo and has achieved letter of interest, letter of support, feasibility from AEDB, generation licenses and determined generation tariff from NEPRA.
However, the matters pertaining upfront-tariff and confirmation for power evacuation as per company schedule were yet to be resolved.
The Chief Minister assured them that their problems and bottlenecks, if any, would be got resolved on priority basis.
The Chairman Sindh Board of Investment (SBI), Zubair Motiwala, who accompanied and facilitated the delegation, said that any type of encouragement, facilitation and incentive to the local and foreign companies would lead to investment in the province.
He said that Sindh government has already framed investor- friendly policy, consequently billions of rupees are being invested in the province.
Motiwala said that Hydro China Dawood Power Limited is very much interested to establish its another Wind Energy Power Project of 500 MW in Sindh, subsequently, it will not only to minimise the energy crises in Sindh but also open opportunities of employment for the people of province.
The Secretary Sindh Energy Department and other officers of line department were present on the occasion.
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