Islamabad: The Alternative Energy Development Board (AEDB) on Wednesday approved issuing Letters of Support (LOS) for the purpose of initiating 11 wind power projects, according to a news source. As per the publication, these projects are expected to have a total power generation capacity of over 550 Megawatts (MW).
The National Electric Power Regulatory Authority (NEPRA) had approved of the power tariffs for these projects over a year ago, and now the decision has been made to expedite the work being conducted on their development. NEPRA set these tariffs at between 4.7 and 4.8 cents per unit, which translated to PKR 5.60 to PKR 5.80, as per the exchange rates at the time. These tariff documents were forwarded to the Ministry of Energy, the supervisory body of the AEDB, for further processing of the projects, and the regulatory body’s financial close is expected to take place by November 19.
