Pakistan and United States (US) on 24th July’2016 signed a wind power generation project which will be completed in two years at a cost of $375 million (Rs. 32 Billion) to produce 150 megawatts of electricity.

The agreement was signed by US Special Envoy for Afghanistan and Pakistan Richard Holbrooke and Secretary Water and Power Javed Iqbal on behalf of their respective governments here at a local hotel.

US ambassador to Pakistan Cameron Munter, Director USAID Andrew Sisson, Chairman Alternative Energy Development Board Arif Aluddin and country representative of American Power Company (AES) Muhammad Iqbal were also present on this occasion.

The project will be in three sites in the Gharo Corridor, in Thatta, Sindh near Karachi to utilize the winds of the area for producing 150 megawatts of power. It will also reduce the dependence on imported fuel and oil and will save Pakistan $45 million (Rs. 3.8 billion) per year in fuel cost. The project using new technology of ‘clear’ power will serve about 600,000 homes in the area.