AEDB executes IA with MGEL for 50 MW wind power

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	157,953.47 555.47M	1.14% 1775.65
ALLSHR	96,741.22 1,957.60M	1.16% 1110.83
KSE30	48,198.94 249.79M	1.09% 520.47
KMI30	232,694.17 290.89M	1.31% 3011.94
KMIALLSHR	65,027.13 1,019.78M	1.03% 660.37
BKTi	42,489.56 84.10M	1.35% 566.75
OGTi	31,779.36 15.21M	0.14% 43.57

Symbol	Bid/Ask	High/Low

Name	Last	High/Low	Chg/%Chg
BITCOIN FUTURES	117,525.00	117,795.00 116,905.00	-245.00 -0.21%
BRENT CRUDE	67.39	67.57 67.34	-0.05 -0.07%
RICHARDS BAY COAL MONTHLY	84.00	0.00 0.00	-0.40 -0.47%
ROTTERDAM COAL MONTHLY	94.00	94.50 94.00	0.45 0.48%
USD RBD PALM OLEIN	1,106.50	1,106.50 1,106.50	0.00 0.00%
CRUDE OIL - WTI	63.17	63.35 63.14	-0.09 -0.14%
SUGAR #11 WORLD	16.13	16.27 15.89	-0.14 -0.86%