NEPRA grants license to Iran-Pak Wind Power Limited

In order to harness the potential of Renewable Energy (RE) resources in the country, Government of Pakistan (GoP) has formulated the policy titled "Policy for Development of Renewable Energy for Power Generation 2006 (the "RE Policy").

In consideration of the above, the Federal and Provincial Governments have been issuing Letter of Intent (Lol) to various developers for setting up different type of Renewable Energy projects across the country. In this regard, Energy Department of Government of Sindh (EDGoS) issued Lol to Iran-Pak Wind Power (Pvt.) Limited (IPWPPL) for setting up an approximately 50.00 MW wind based generation facility/Wind Power Plant/Wind Farm in the Jhimpir wind corridor of district Thatta, in the province of Sindh.

According to the terms and conditions of the above mentioned Lol, company carried out a feasibility study of the project. After completion of the said milestone, the sponsors of the project decided to approach the Authority for the grant of generation licence for the proposed generation Wind Power Plant.

The main sponsors of the project include SUNIR (Iran Power & Water Equipment and Services Export Company) of the Islamic Republic of Iran whereas the minor sponsors include the Planet Group and the Tufail group of Pakistan.

IPWPPL submitted an application on June 10, 2016 for the grant of generation licence in terms of Section-15 of Regulation of Generation, Transmission and Distribution of Electric Power Act, 1997 with the relevant provisions of the NEPRA Licensing Regulations, 1999.

The stakeholders of the company will include Anwar Kamal Law Associates (AKLA), Board of Investment (BoI), Energy Department of Government of Sindh (EDGoS) and Karachi Shipyard and Engineering Works Limited (KS&EWL).

The License Details can be read in its entirety here.