KARACHI- The first wind power project with a capacity to produce 650 megawatts of electricity is to be installed at Jhimpir Wind Corridor in district Thatta of the Sindh province. According to sources, a consortium of Chinese banks and insurance companies agreed to invest an amount of one billion dollars in the project. The project will be undertaken by NBT Wind Power Company as a joint venture by Norwegian and local partners. NBT Wind Power Company has already carried out all the preliminary studies like wind data, environmental protection report and technical studies while it is in process of obtaining tariff and generation license from National Electronic and Power Regulatory Authority. It is expected that the project would be made operational by 2016.