Jhimpir Power, Burj Capital’s first project in its 500MW renewable asset platform in Pakistan, has now achieved commercial operations. The plant was inaugurated in early May. Burj Capital is a Dubai based investment firm engaged in renewable power development focusing on both utility scale and distributed generation strategies.
The wind project is located in Jhimpir, in the Gharo-Keti Bandar wind corridor in Southeast Pakistan, which is a high-quality wind resource capable of generating over 50,000MW of clean and affordable electricity. The Jhimpir wind corridor coupled with solar power can be further developed into a resource of national importance, able to reduce the country’s reliance on expensive imported fuels and provide the people of Pakistan clean and cheap electricity.
Saad Zaman, founder & group CEO of Burj Capital, said, “Completing our first project and delivering power to the national grid is a proud moment indeed. This is only the start however we have a lot more in store for Pakistan…”
The Overseas Private Investment Corporation (OPIC), the US Government’s development finance institution, is the sole debt provider to the project and has financed 5 projects in Pakistan, totalling about 250MW, in the Gharo-Keti Bandar wind corridor.
Sarim Sheikh, president & CEO of GE Pakistan, Iran & Afghanistan added, “The commissioning of 50MW Jhimpir Power wind farm marks the fifth onshore wind project for GE in Pakistan. This makes me very excited about our growth in Pakistan, as more renewable also means significant changes to the energy mix.