Pakistan has signed an agreement with U.S.-based energy company The AES Corporation (NYSE: AES) to build a wind power plant with a generating capacity of 150 megawatts (MW).
The US$375 million project, which will be financed in part by the United States Agency for International Development and the US Overseas Investment Corporation, will tap a small percentage of what has been estimated to be 50,000 megawatts of potential wind power in Pakistan.
When complete, the plant, located at three sites in the Gharo Corridor, will reduce Pakistan's dependence on foreign fuel imports by creating power for 600,000 homes. The wind facilities will also save the country US$45 million per year. Construction is expected to be finished in two years. This project represents a huge step towards sustainability and self-sufficiency for a country that is energy deficient.
Read the full article at The Express Tribune: Deal struck on $375 million wind power plant
Image Credit: doug_wertman via Flickr
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Joseph Baker is a freelance writer living in Vancouver BC. His areas of focus include renewable energy, sustainability and climate change.
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