AEDB executes IA with MGEL for 50 MW wind power

News Image

MG News | August 16, 2019 at 12:41 PM GMT+05:00

0:00

Aug 16, 2019: Alternative Energy Development Board (AEDB) has executed the Implementation Agreement (IA) with Master Green Energy Limited (MGEL) for their 50 MW wind power project in Jamshoro, Sindh.

Dr. Rana Abdul Jabbar Khan has signed the IA with MGEL on behalf of the President, soon after taking over the charge of post of Chief Executive Officer, AEDB.

MGEL will put up 25 units of Gamesa G114-2.0 wind turbine generators, which will produce 168,542,400 kWh of clean electricity per annum.

Speaking at the occasion Dr. Rana Abdul Jabbar Khan said that the government is fully determined to deploy power plants based on renewable energies into the energy mix.

The share of renewables will be increased to 20% by 2025 and to 30% by the year 2030, as per vision of the present government.

The CEO further announced that many more projects are in pipeline and will be implemented soon.

The IA of MGEL is first step in achieving the overall policy goal of the present government.

APP

Related News

Name Price/Vol %Chg/NChg
KSE100 186,801.07
478.59M
0.15%
282.36
ALLSHR 111,455.75
1,195.76M
0.30%
337.09
KSE30 57,439.03
262.09M
-0.07%
-38.06
KMI30 263,470.30
272.50M
-0.12%
-325.25
KMIALLSHR 71,494.47
585.92M
0.20%
143.06
BKTi 54,593.65
64.56M
-0.13%
-71.46
OGTi 36,466.40
20.81M
0.39%
142.54
Symbol Bid/Ask High/Low
Name Last High/Low Chg/%Chg
BITCOIN FUTURES 90,350.00 91,840.00
89,760.00
-885.00
-0.97%
BRENT CRUDE 60.25 60.44
59.96
0.29
0.48%
RICHARDS BAY COAL MONTHLY 86.75 0.00
0.00
-0.45
-0.52%
ROTTERDAM COAL MONTHLY 98.90 0.00
0.00
0.20
0.20%
USD RBD PALM OLEIN 1,027.50 1,027.50
1,027.50
0.00
0.00%
CRUDE OIL - WTI 56.26 56.46
55.97
0.27
0.48%
SUGAR #11 WORLD 14.94 15.01
14.90
-0.04
-0.27%

Chart of the Day


Latest News
January 08, 2026 at 02:42 PM GMT+05:00

Karachi port makes waves with first ferry terminal


January 08, 2026 at 02:11 PM GMT+05:00

Zuma Resources shifts from Textile to Tech


January 08, 2026 at 12:49 PM GMT+05:00

Gold price in Pakistan falls Rs600 per tola


January 08, 2026 at 12:20 PM GMT+05:00

Gold slips on firm dollar, U.S. jobs data in focus


January 08, 2026 at 11:51 AM GMT+05:00

Pakistan, Visa align on digitizing govt payments



Top 5 things to watch in this week

Pakistan Stock Movers
Name Last Chg/%Chg
Name Last Chg/%Chg