Pakistan's federal minister for water and power Syed Naveed Qamar says that the government has set a target of 1500 MW from wind power generation by 2013 and procedures have been simplified for investors to help achieve the target.
According to Mr Qamar the country has a wind power generation potential of more than 300 GW which needs to be explored. The government is attaching high priority to this sector and will facilitate the investors in this respect.
He said that in order to attract the investors, a new incentive-based alternative energy policy is being finalised. This will include the specification of suitable tariffs, and a provision to ensure that investors will achieve land lease in the wind corridor without any delay after completing the formalities. The draft policy will be sent soon to the Council of Common Interest for approval. He also directed the AEDB and the ministry to complete the work on new policy at the earliest opportunity.
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