Win Power signs pact with GOLDWIND

Beijing: A letter of intent (LoI) has been signed between Win Power (Pvt) Ltd (A First Dawood Group Company) and GOLDWIND Science and Technology Co Ltd of Urumqi, China in presence of the Economic Counsellor of the Embassy of Pakistan in Beijing.

The LoI is for supply of latest German technology gearless wind turbines built in China, for a 50 MW wind power project, to be located in Gharo, Sindh Pakistan. Win Power (Pvt) Ltd (WPPL) is one of the leading Wind IPPs which has worked diligently for the last three years to bring this highly popular form of alternate energy to Pakistan.

WPPL intends to exploit the natural wind corridor available to our beaches near the Indus Delta south east of Karachi. WPPL already has an approved feasibility and tariff from Nepra for this project and is planning for a financial close by June this year. The planned COD for the wind farm would be December 2009.

After signing the LoI, Win Power team also visited the GOLDWIND 50 MW wind farm, 100 KM out of Beijing, specially erected to supply 'green' energy to the Olympic Village. Summer Olympics 2008 are due to take place this year in Beijing in June/July. Wind turbines used in this Olympic Village wind farm are the same as the one being ordered by WPPL for Pakistan, which are the gearless machines of 1.5 MW production capacity each.