Pakistan will pay 12.61 rupees ($0.14 )/kWh to wind power producers with installed capacity of as much as 250 MW, said the country’s power regulator.

The new feed-in tariff applies to projects that achieve financial closure by December next year, according to a statement posted on the website of the National Electric Power Regulatory Authority (NEPRA).

A tariff of 12.61 rupees/kWh upfront tariff for foreign financed wind power projects and 17.28 rupees ($0.20)/kWh for locally financed projects, has been approved by NEPRA.

Interest from Turkish, Chinese and Norwegian investors has convinced the government to opt for an upfront tariff rather than retrospective payment, reported Pakistan Today.

Initially these investors are planning to invest for 300 MW wind power projects with the coastal belt of Balochistan and Sindh, said the paper.

Pakistan targets 1500 MW from wind power within three years.

For more wind power news click here