Asian Development Bank
Battling surging energy demand and dependence on foreign oil, Pakistan has begun to tap its estimated 50,000-megawatt wind energy potential. Late last year, Pakistan signed an agreement with The AES Corporation (NYSE:AES) to build a 150 MW wind power plant in the Gharo Corridor.
The Asian Development Bank has decided to invest another US$1 billon in renewable energy projects and private equity funds which finance cleantech development in Asia.
A new report by the Asian Development Bank (ADB) claims the Asia Pacific region must invest between $7 and $9.7 Trillion into the energy sector by 2030.





