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In view of the vision of the GoP to increase the share of Renewable Energy to atleast 30% by year 2030, AEDB has executed Implementation Agreements (IAs) with 11 IPP Wind Power Projects on behalf of GoP. The cumulative capacity of these wind projects is 560MW and these projects would provide more than 1.8 billion units of clean energy annually.

An investment of approx. USD 700 Million will be brought into Pakistan as soon as these projects achieve the Financial Closing in coming week. These projects are envisaged to come online by year 2021.

During the signing ceremony, the CEO AEDB, Dr. Rana Abdul Jabbar, appreciated the efforts made by the private sector in bringing the clean & cheaper electricity to the consumer of Pakistan. He was of the view that the increased share of RE in the overall generation mix will not only bring down the overall basket tariff but will also help in reducing the import bills of Pakistan. Further, the huge investment coming in the field of RE will also help in achieving the economic growth of Pakistan.

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