KARACHI - The Sindh government has signed an MoU with WIKOV WIND AS, a Czech Republic company for the power generation of 50MW at the wind corridor in Gharo Jhimpir, district Thatta.

The MoU was inked by Sindh Board of Investment DG Muhammad Ziauddin and Czech Republic company head Martin Wichterle in the presence of Chief Minister Qaim Ali Shah, Minister for Finance Syed Murad Ali Shah and Minister for Information Sharjeel Enam Memon and others.

A high-level investment delegation from Czech Republic also witnessed the ceremony. Addressing the ceremony, the Sindh chief minister said that with the grace of Almighty Allah, Sindh is blessed with natural resources like wind and coal which can not only fulfil the energy requirements of Sindh but also whole country.

He said that Sindh is gifted with huge wind corridor which will be exploited for the energy and power generation. “Sindh is first province to take lead in power generation through wind and it has the potential of generating 50,000 MW of power through wind in coastal belt of the province” he added.

Qaim Ali Shah said that previous governments didn’t generate even a single megawatt and it was PPP government under Shaheed Mohtarma Benzair Bhutto which initiated power generation projects in Badin but unfortunately this important project was shelved by Nawaz Sharif government.

“If that project had not been abandoned the country would not have been facing energy crisis these days”, he added. He said that generating power through wind is novel idea and this credit goes to President Asif Ali Zardari who has taken keen interest and has always supported the initiatives of provincial government for the betterment of people.

The chief minister said that investment friendly polices of Sindh government are attracting more and more foreign investment in the province, which also reflects the confidence of inventors on the governments initiatives.

Later, talking to media persons, the CM informed that a foreign company wants to invest in power generation through coal in Badin district. Minister for Finance Syed Murad Ali Shah while briefing about the details of the MoU said that Sindh government will execute the project, arrange the funds while Czech Republic company will provide the required material, machinery and technology. He added that financing for the 50 MW project power generation will be arranged before the December 31 this year while construction will start in January 2012.

The Czech Republic delegation head Martin Wichterle said that it was a great opportunity for them to invest in power generation through wind and we will bring more business for local industry. He added that Czech Republic wants to enhance the business and investments opportunities in Pakistan and many other power generation projects are under consideration which will help in resolving the energy crisis faced by Pakistan and bilateral cooperation in the field of trade business and investment will also get boost.

Martin Whichterle, Chairman of the Board, WIKOV Wind informed that WIKOV Wind, the subsidiary of WIKOV holdings of Czech Republic specialized in all kind mechanical equipment. WIKOV Wind is specialised in wind turbine technology development, wind turbine main component assembly, developer’s process actual realisation of construction of wind turbines and wind turbine monitoring, service and maintains. He appreciated the efforts of Government of Sindh to facilitate foreign investors in all sectors of economy. The MoU signing ceremony was attended by Chief Security Raja Muhammad Abbas, Additional Chief Security Finance Aijaz Ali Khan, Additional Secretary (P&D) Malik Israr, Secretary Information Kazi Shahid Pervaiz, Czech Republic company representatives Jidrich Prokopee and others.