Beijing/Munich, 19.12.2016 | News Release
Earlier this month, UPM successfully supported the initial issuance of approximately 73,000 CERs of the CDM project Foundation Wind Energy-II (CDM Ref. 9314). UPM supported the successful registration of the project under the CDM in December 2012 and started operations December 2014. The project is located roundabout 50 km southeast of the city of Karachi, Pakistan. The project owner is the Foundation Wind Energy II (Private) Limited, a subsidiary of the Fauji Foundation, one of Pakistan largest business conglomerates. Monitoring period of this issuance covered the period between 10 December 2014 and 31 December 2015.
The purpose of this wind farm project with a capacity of 50 MW and an estimated electricity production of 143,700 MWh per year is to utilize climate friendly wind resources for electricity generation and to deliver the generated electricity to the National Transmission and Despatch Company (NTDC), which is operating the Water and Power Development Authority (WAPDA) grid.
By replacing the electricity of the WAPDA grid, which is heavily dominated by fossil fuel fired power plants, with electricity generated from clean wind power, the project activities will not only contribute significantly to closing Pakistan massive energy supply gap but will also achieve total combined greenhouse gas (GHG) emission reductions of approximately 890,000 tCO2e throughout its entire crediting period of 10 years. In addition, the wind farm project is offering a considerable amount of job opportunities for local people during the construction phase and the operational period, and will thus support economic growth in the target region.
For further information on this wind farm project and the availability of their Green CERs with full EU ETS eligibility, please contact:
Martin Dilger, Managing Director, UPM Germany
mdilger(at)upm-cdm.eu, T: +49 89 1222197-50
Guo Gaiai, Vice General Manager, UPM China
guog(at)upm-cdm.eu, T: +86 10 6468 0500-13