By Muhammad Luqman
World’s leading Wind Turbine manufacturing company, Vestas has expressed interest in establishing Wind Turbine factory in Pakistan and has in this regard started ground work for exploring the feasibilities.
This was revealed in a meeting of delegation of Vestas Company led by Danish Ambassador Rolf Holmboe with Pakistan’s Minister for Power and Petroleum Omar Ayub Khan in the capital, Islamabad.
Pakistan is planning to increase the share of energy from renwable resources from from 4% to 30% under recently announced policy.
The Federal Minister briefed the delegation about various broad parameters of the new Renewable Energy Policy.
He said that by year 2030, Pakistan will be having around 20000MW from renewable resources. He said that not only the local consumption of renewable energy related machinery like wind turbines etc will be a profitable investment for global companies but Pakistan can also serve as base for exporting the same to countries like Central Asia and African countries where there is a huge untapped potential of renewable resources.
Omar Ayub Khan apprised the delegation that Pakistan has offered special incentives for establishment of renewable energy equipment manufacturing units. He said that special economic zones also provides a complete investor friendly packages which can also be explored by the company.
Vestas, the Danish company, designs, manufactures and installs wind turbines and currently has operations in 81 countries.
Wind power , a form of renewable energy makes up more than 4% of the total electricity production in Pakistan. Presently, wind power capacity in the country is around 1,200 MW