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Analysis of economics of investment in a wind-farm system.
Author(s):
1. Fahd Ali: Sustainable Development Policy Institute # UN Boulevard, Diplomatic Enclave, Islamabad, Pakistan
2. A. H. Nayyar: Sustainable Development Policy Institute # UN Boulevard, Diplomatic Enclave, Islamabad, Pakistan
Abstract:
With the constant increase in the cost of generating electricity through conventional means, there is a growing need to look for other sources of energy. Renewable energy resources with their zero-emission features provide us with a good alternative. Of all the renewable energy resources, wind has proved to be the most promising one, chiefly due to its cost effectiveness and ability to provide grid-quality power. In Pakistan, the concept of using renewable energy for power generation is not new. However, the lack of support from the Government proved to be a major hurdle in developing Renewable Energy resources. Nevertheless, only recently the Government of Pakistan has taken concrete steps to develop renewable energy resources, one of which is a wind-mapping/charting program being carried out in the coastal areas of Balauchistan and Sindh. The wind-mapping program would eventually determine the wind-power potential of Pakistan and sizes of the wind-farm systems to be set up here. This study aims to estimate the cost of generating electricity using wind-energy and a suitable tariff-rate that may be set to attract foreign/local investment in this sector. This study also lays out policy recommendations that may help to attract investment to develop wind farm systems.
Page(s): 7-20
DOI: DOI not available
Published: Journal: Proceedings Renewable Energy Technologies and Sustainable Development, Volume: 4, Issue: 0, Year: 2005
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