KARACHI: Sindh Chief Minister Qaim Ali Shah on Monday gave away the land allotment documents to the representative of Iran-Pakistan Wind Power Limited (IPWPL) for setting up 50 MW wind power project.Consul General of Iran Abbas Ali Abdollahi received the land documents from the chief minister on behalf of IPWPL at the LDF-2011 livestock, dairy, fisheries and poultry seminar and exhibition held at the Expo Centre Karachi.
Qaim Ali Shah, while inaugurating the event, said that through this joint venture the trade relations between Iran and Pakistan would further improve.
He assured the stakeholders that the government will provide every assistance to the investors of dairy farming, livestock and fisheries.
IPWPL chief executive Khurram Saeed said that the wind farm would be set up at the allocated land of 1,250 acres and the cost of the project is $100 million.
The project will take at least three years to start commercial operation and so far no tariff has been fixed. He added that the company was reviewing options to import turbines either from Iran or China.
He added that the project has been set up at Thatta, which is an ideal corridor for winds required for this sort of alternative energy production.