US OPIC backs 50MW Pakistan wind
The US has signed-off a $95m loan to a Pakistan developer to help build a 50MW wind farm using GE turbines.
The Overseas Private Investment Corporation (OPIC) made the 10-year loan to Sapphire Wind Power for the project in the Ghoro-Keti Bandar wind corridor near Jhimpir, Sindh.
OPIC – the US government’s development finance agency – first approved the loan in March. It will use 33 GE machines.
Pakistan is turning to renewables to help modernise its creaking power system, which is struggling to meet growing demand and is prone to blackouts.
Other turbine-makers to achieve sales in the country include Germany’s Nordex, Vestas of Denmark and Chinese group Goldwind.