ACT Wind is an SPV set up in Pakistan in 2012 to support our Government in battling the power shortage problems. For years, the matter of balancing Pakistan's supply against the demand for electricity has remained a largely unresolved matter. Pakistan faces a significant challenge in revamping its network responsible for the supply of electricity.
Pakistan currently has 23.412 GW of installed capacity for electricity generation. Conventional Thermal plants (oil, natural gas, coal) account for 68.64% of Pakistan’s capacity, with hydroelectricity making up 28% and nuclear 3%. The current supply, however, is unable to satisfy the electricity demand of the local market resulting in an acute shortage, which peaked at 5,660 MW in summer of 2011. The Government of Pakistan (GOP) estimates that by 2014, Pakistan will have to increase its generating capacity by more than 50% to meet the increasing demand.
Due to an abnormal energy mix – biased toward non‐indigenous resources, the cost of electricity generation is on the rise. In order to overcome the energy shortfall, Pakistan is, and will continue to spend heavily on oil & gas imports, further deteriorating the national economy. Therefore, it is imperative for Pakistan to look for indigenous/cheap energy resources for sustainable growth.
ACT Wind has pursued development of a 30 MW wind power project in order to assist Pakistan overcome its current energy crises, later expanded to 50MW with Ismail Group and Tapal Group. Till today the financial close has been achieved, LC’s have been opened and deliveries started. ACT Wind plans to achieve commencement by Mid 2016.