A foreign consortium company of Canada and China M/s Bradford Power has shown interest to set up a wind power project of 200 MW in Pakistan and estimated investment of $500 million. This was said by Rafid E Louis of the Bradford Power (Pvt) Ltd while talking to the Minister for Water and Power Raja Pervez Ashraf. A delegation of the Bradford called on him here on Monday. Secretary Water and Power, Shahid Rafi and representatives of AEDB and PPIB were also present.
Rafid E Louis informed the Minister that the Bradford Power (Pvt) Ltd is a special purpose company established by A-Power, P.R. China and Monteva Holding Inc, Canada for setting up wind power projects in Pakistan as independent power producer and the said project will be completed in two years in Sindh province.
The Bradford Power (Pvt) Ltd would also look forward different investment mechanisms in conventional and non-conventional energy resources in Pakistan other than wind like Public Private Partnership, EPC contracting, equipment supplier etc. However, their current focus is wind, for which they have already committed financing and are deploying all their efforts.
The minister exclaimed that the experience and expertise of the Bradford Power (Pvt) Ltd in renewable energy sector indicates that they are competent to quickly execute wind power projects. The Minister assured the delegation that they will be assisted at level for realising their planned wind power projects in Pakistan. The Minister added that the Ministry of Water and Power would like to seek benefits from the experience and expertise of the company in other conventional and non-conventional energy resources in Pakistan.
Ashraf said that Pakistan has great potential in the power sector and their investment in the wind power project will help to reduce the power tariff for consumers. He said that the government is now focusing on alternative energy projects to utilise the indigenous resources for cheaper energy generation.
Earlier, Rafid while giving detailed briefing to the meeting informed that both A-Power and Monteva have EPC experience of installing over 50 power plants including wind and solar power projects in China, Canada and USA. They also have experience of operating and managing wind power projects in different parts of the world. Moreover, they also manufacture wind turbines and solar panels. They are manufacturing wind turbines in China under license of some world renowned wind turbine manufacturers like GE, Nordex etc. They are planning to use their own manufactured wind turbines for their proposed wind power project in Pakistan. -PR
Comments
Comments are closed.