ISLAMABAD - Minister for Water and Power Raja Pervez Ashraf has directed to immediately process the proposals of Employees Old Age Benefit Institute (EOBI) for setting up of 200 to 500 MW wind energy project in the country. He said that while presiding over the Inter-ministerial meeting for setting up of wind energy project in collaboration with local manufacturing companies. The meeting was also attended by Federal Labour Minister Syed Khursheed Shah, Minister of State for Defence Production Sardar Salim Haider, Chairman Heavy Industries Board, Taxila (HIT), Chairman EOBI, CEO, AEDB and other senior officials of the AEDB and HIT. Raja Pervez Ashraf appreciated EOBI for its keen interest to invest in the power sector by establishing Wind Power Project. He said that Pakistan has great wind energy potential. The wind energy was an environment-friendly power generation source and the world was also trying to develop wind farms to generate cheapest energy. He said that the Government of Pakistan was also encouraging investment in the alternative energy projects and number of LOIs had been issued to the potential investors. He said that the change in the energy mix was their policy and alternative energy and hydel projects were their priorities. The Minister also assured that after completing the required procedure, the AEDB would immediately issue LOI for the wind power project of EOBI. Labour Minister Syed Khursheed Shah said that the Ministry was keen to invest the EOBI funds in the best national interest and the proposal to set up Wind Energy Farm would help to meet our future energy requirements. He said that the EOBI would set up wind power project of 200 to 500 MWs in collaboration with local manufacturing companies. He said that it was their desire that the wind project should be completed within shortest possible time of one year. Minister of State for Defence Production Sardar Salim Haider informed the meeting that Heavy Industries Taxila had the ability to develop some kind of wind energy machinery parts. He assured the meeting that the HIT would fully cooperate in the mega project and utilise all of its expertise. The meeting decided to process early two feasibilities reports i-e, one for 200 MW and the other for 500 MW wind projects. The report of the AEDB and HIT will be submitted in the next inter-ministerial meeting to be held next week.