Letter of Intent –Project Requirements / Milestones to be achieved for Wind Project Development
AEDB welcome s the interest of national and international investors for wind power project development at potential sites in Pakistan. Presently Independent Power Producers (IPPs) are working according to Renewable Energy Policy 2006 for which the requirements for obtaining LOI and Milestones to be achieved are as under: Requirements of LOIThe interested investors are required to submit proposal to AEDB containing following information for issuance of Letter of Intent (LOI):
Proposal containing said information will be reviewed by AEDB within fifteen days and then upon the submission of Bank Guarantee the Letter of Intent (LOI) will be issued to IPP of relevant capacity. Milestones to be achieved by IPP for respective wind power project.Following are the project milestones to be achieved by project developer for their wind power project according to Renewable Energy Policy 2006.
* Fast track project are the projects developed on the upfront tariff and accepting certain conditions / milestones for priority allocation of land. |