An agreement for wind power generation worth USD 130 million is signed between Hyderabad Electric Supply Corporation and Turkish company Zorlu Enerji.

As per report Mr Murat Sungar Bursa president Zorlu Enerji and Mr Karim Buksh Qureshi CEO HESCO signed the agreement. Both the companies signed the energy purchase agreement for purchase of 6MW electricity generated at the company’s facility in Jhimpir. The project would bring USD 130 million investment and by December 2009, it would generate 50MW power.

NEPRA has awarded tariff of US cents 12.1057 per KW, which is cheaper than the electricity generated from thermal sources. The power generated from the first phase would be provided to Jhimphir grid station by HESCO and would be sufficient to electrify 6900 homes in Hyderabad region.

Witnessing the first power generation agreement through wind, Federal Minister for Water and Power, Mr Raja Pervaiz Ashraf said that the government was utilizing every source of electricity generation to end the power shortfall by end year. He said that this was first power generation project through wind and expressed the hope that it would bring more investment in the country. The government has initiated several power generation projects including rental, which would bring more power in the system. He said that 4000MW would be added to the national grid at the end of this year.

(Sourced from Daily Times)