STAFF REPORT IBD: A United States company – Overseas Private Investment Corporation (OPIC) – to build a 50MW wind power plant in Sindh. US Richard Olson has recently signed a $95 million, ten-year, loan on behalf of the OPIC to Sapphire Wind Power Company for this purpose.

Situated in the Ghoro-Keti Bandar wind corridor near Jhimpir, the plant will be designed to generate 133-gigawatt hours of emission-free electricity annually using 33 General Electric (GE) turbines.

The Ambassador said that the project has affirmed OPICs strong commitment to support Pakistans efforts at diversifying energy sources, alongside the States continued efforts to strengthen Pakistans economy.

“This Wind Power Project will enable Pakistan to take advantage of its massive renewable energy potential to help meet unmet demand for electricity,” OPIC President and CEO Elizabeth L. Littlefield said in Washington.

OPIC is the U.S. governments development finance institution which has so far invested in 123 projects in Pakistan since 1975.