Government signs $450 million deal to set up six new wind power projects
It will help manufacture 310MW of clean electricity, which will later be connected to the grid system.
The government of Pakistan has made an agreement with IFC, International Finance Corporation, which is a significant part of the World Bank Group about setting up six new wind power projects that will finally allow Pakistan to have economic and clean power. According to sources, six wind power projects would generate 310MW.
Recently on Twitter, Dr Abdul Hafeez Sheikh, advisor to the prime minister on revenue and finance, mentioned:
“Govt of Pakistan has signed an agreement of Super Six wind power projects which will produce 310MW of clean & low-cost power.”
He further added:
“Thank the World Bank & IFC for the $450 million investment for the project & their continued support for the implementation of our Govt’s development goals.”
Just yesterday, Imran Khan, signed the deal of $450 million for setting up wind power projects that will help manufacture 310MW of clean electricity, which will later be connected to the grid system.
As mentioned by the Prime Minister, Imran Khan, it is a long-term project. He additionally said that short-term steps taken by the government in the past had left the country in shreds and pieces. He believes wind power projects will contribute to a clean environment as well.
According to the PM, renewable energy is relatively less damaging to the already endangered environment, especially air quality. All these initiatives will ensure fruitful results, but they require a lot of resources that are almost of no cost.
Apart from that, the Prime Minister also shed some light on how the water resources of the country have not been utilized for electricity generation.
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