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US firm to invest $1.2bn in Wind Power

By Our Staff Reporter

ISLAMABAD, Nov 8: A US-based energy firm plans to invest $1.2 billion in Pakistan's wind power generation sector in Sindh province, the Ministry of Finance said in a statement.

Chief Executive Officer of Access Energy Group International (AGI) of the United States, Shahid Naeem met with Minister of State for Finance Omar Ayub Khan here on Monday and informed him that his company was planning to invest $1.2 billion in Pakistan's energy sector over the next five years.

The company will develop a 100mw wind farm, extendable to 1,000mw, in the province. The initial investment for the first phase would be over $109 million to be brought entirely from abroad.

In the next five years, depending on the success of the first phase, AGI has made commitments to install 900mw generating capacity in the region.

The relevant memorandums of understanding (MoUs) for the above projects have been signed with Alternate Energy Development Board (AEDB) of Pakistan.

The minister was informed that AGI in cooperation with AEDB was also in the process of making arrangements for transfer of technology and for setting up a Solar Cell Manufacturing plant in Pakistan.

Working papers for this project have been finalized and companies with the manufacturing capabilities in Pakistan have been short-listed.

AGI has already acquired manufacturing rights for wind turbines in Pakistan. This will allow for a new industry to be set up in the country with worldwide export potential. The company is also planning to set up a training institute in Pakistan to develop human potential in the field of renewable energy.

The minister was further told that the AGI has commissioned a Canadian firm to manufacture Solar Power units with a 25kw capacity to be installed in different villages in Pakistan in order to provide a source for inexpensive electricity for small villages.

Mr Ayub appreciated that an expatriate Pakistani was working actively to bring big investments and technology in Pakistan. He said the continuous growth of Pakistan's economy has increased power demand manifold. It has now become imperative to take immediate steps to look for alternate sources of energy.

The minister said the government was encouraging foreign and local investment in the energy sector and was trying to remove all bureaucratic hurdles faced by the investors.

http://www.dawn.com/2004/11/09/ebr4.htm
 

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Discussion Starter · #2 ·
Investing in Wind Power as an alternative energy is an excellent idea.

Its clean and its cheap.
 

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Musharraf Ka Danda!
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and you need a whole lot of these to power even 3 large new york city blocks
 
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Musharraf Ka Danda!
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OHHHHH BENNNNNNZZZZZZ! your saying one of these fans can power a whole city lol! ohhhh bahhhahahaha!
 
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Discussion Starter · #7 ·
zuhahmed said:
have u ever even been to new york, the whole city of toronto only has one, and it does a fine job.
Yup, seen that.

Its along the QEW.
 

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Indus Priest King
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Yeah but 1 Turnine only powers 200 homes right? Or was is 2000 homes?Whatever it is, yes Wind Power is a good idea but not in places like Punjab where the wind hardly EVER blows. If anything these "plants" should be put by the coast where at least there's a guarantee that the turbine won't stop! :lol:
 

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Discussion Starter · #10 ·
cntower said:
Yeah but 1 Turnine only powers 200 homes right? Or was is 2000 homes?Whatever it is, yes Wind Power is a good idea but not in places like Punjab where the wind hardly EVER blows. If anything these "plants" should be put by the coast where at least there's a guarantee that the turbine won't stop! :lol:
These Wind mills are meant for coastal cities dude, or some hilly areas with a lot of wind.

So basically, all the way from Karachi to Gwadar, thats a lot of potential now, to generate a lot of electricity, clean and cheap.
 

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The Energy Sector

Pakistan To Go Ahead With Gas Project
By B. Muralidhar Reddy

ISLAMABAD, JAN. 28. The Pakistan Prime Minister, Shaukat Aziz, has again asserted that Islamabad would go ahead with the Iranian gas pipeline project irrespective of the Indian decision.

He told a breakfast meeting on the margins of the World Economic Forum in Davos, Switzerland, today that Pakistan would press ahead with the project even if India refused or was unable to join the plan.

The proposed 1600 km project, envisaging supply of gas from Iran to India via Pakistan, has been hanging fire for over a decade due to fears of New Delhi over the safety and security aspects of the pipeline given the history of hostilities between India and Pakistan.

In the aftermath of the April 2003 peace initiative, India has agreed to consider the project if Pakistan is willing to look at it in the context of larger economic relations.

It entailed reciprocal grant of Most Favoured Nation (MFN) by Pakistan to India and opening up of the land route for transit trade. But Pakistan is insisting on treating it as a "stand alone project" on the plea that full-scale economic relations were dependent on the resolution of Kashmir.

Accord Delayed
Pakistan had earlier announced that it intended to sign an agreement on the project with Tehran in November. But till date no such agreement has been signed. The delay could be to provide necessary time for India to reconsider its decision or due to other reasons.

Mr. Aziz maintained at Davos that Pakistan had little option on import of gas. He argued that the pipeline would also bring a political dividend by helping create interdependent relations between the two nuclear neighbours.

He said he had told the Indian Government: "If you come along, we would be delighted to work with you. If for some reason you don't (take part), Pakistan is going to go ahead anyway, so tell us when you're ready."

The Iran-Pakistan Gas pipeline Project was conceived in 1993, which was later proposed to be extended in India.

A committee co-chaired by the Pakistan Secretary, Petroleum and Natural Resources, along with the Deputy Minister of Iran National Oil Company (NIOC) has been constituted to review the progress on the project. The technical experts from both sides assist the committee.

Feasibility Studies
There are three different routes under consideration for the Iran-India gas pipeline via deep sea, shallow water and over-land.

Feasibility study for the deep sea route is being conducted by Snam Progetti of Italy, while that of overland route is being conduct by BHP of Australia. BHP has completed the phase-I of the study. The feasibility study for the shallow water route is to be conducted by GAZPROM of Russia but they have not yet started the study.

Speaking at an earlier press conference, Mr. Aziz said that besides talks with Iran and Qatar, he was talking to officials in Turkmenistan as the shortest route might pass through that central Asian republic, depending on which of three construction projects was chosen.

"If all hands are on deck we could do the full project in three to five years. This project can create history and really change the energy dynamics of the region ... even the diplomatic relations and the political dimensions of the region," he said.

He said he would discuss the prospects of the project when he met the Indian Prime Minister, Manmohan Singh, on the sidelines of the February 6-7 summit of the South Asian Association for Regional Cooperation (SAARC).
 

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Musharraf Ka Danda!
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LAGHEE HAI HAMARE!

This is a lottery ticket for Pakistan not olny does this ensure a successful Gwadar port but it actually will create jobs and help ease tensions
 
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This is great news. I dont know why i've come across it so late. But i wonder how big the reserves are. Thats what counts. There should be enough to atleast fulfill the country's demands. That would help us in a big way. And we can see big oil companies coming into pakistan once oil is found.
Does it mean that US will like us more or does it mean that US will try to take over us as well now? lol
 

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Gas discovered in Sind state

ISLAMABAD, June 14 Asia Pulse - Hycarbex American Energy Inc (Hycarbex Inc), operator of Yasin Block No 2768-7, has made a significant gas discovery just 9 km from Shikarpur in Sindh.

An announcement of Hycarbex Inc said here on June 11 that based on evaluation made through electric logs, geological and drilling data, the production testing was undertaken on April 27, 2005.

Haseeb Well No 1 was drilled to a depth of 1507 metres and, as a result of testing, substantial quality of gas flowed from Sui Main Limestone formation of Eocene age.

The announcement said that during a short duration test it produced initially around 7.3 MMSCFD of 805 BTU gas which has very low carbon dioxide and water content.

On the basis of the preliminary estimates, the volumetric gas reserves are estimated to be in the range of 100 to 150 BCF which will be confirmed by undertaking an appraisal programme.

(PPI)

http://au.biz.yahoo.com/050614/17/4qqr.html
 

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This is good for sindh. They always tell us that they have found reserves but never tell us how good they are. as in, whats the exact amoutn of reserves. how sufficient is it?
 

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Rkhan said:
This is great news. I dont know why i've come across it so late. But i wonder how big the reserves are. Thats what counts. There should be enough to atleast fulfill the country's demands. That would help us in a big way. And we can see big oil companies coming into pakistan once oil is found.
Does it mean that US will like us more or does it mean that US will try to take over us as well now? lol
OI :bash: LISTEN WHO THE HELL IS US CAN TAKE US OVER I THINK THEY GOING TO TAKE YOU OVER MORE LIKELY WATCH WHAT YOUR SAYING OK!!

PAKISTAN IS NEACULAR POWER THEY TRY TO COME NEAR US WE'LL SHOW THEM PAKISTAN'S POWER .. WATCH YOUR MOUTH NEXT TIME BOY :eek2:
 

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waqar said:
OI :bash: LISTEN WHO THE HELL IS US CAN TAKE US OVER I THINK THEY GOING TO TAKE YOU OVER MORE LIKELY WATCH WHAT YOUR SAYING OK!!

PAKISTAN IS NEACULAR POWER THEY TRY TO COME NEAR US WE'LL SHOW THEM PAKISTAN'S POWER .. WATCH YOUR MOUTH NEXT TIME BOY :eek2:
Dude friggin Relax. Grow up atleast. When you can't absorb a sarcastic comment then i guess YOU should shut your mouth and learn the basics of english and talking. Did you not understand the sarcasm when i added a "lol" in the end.
So please, stop crying about pakistan being a nuclear power. We all know pakistan is a nuclear power. Be realistic rather than being absrud and coming up with stupid remarks.
I'm not here to have fights with people like you.
 

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Musharraf Ka Danda!
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a new rivalry?

why am i not in this one?

Rkhan you fool.....
 
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