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.

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