Pakistan selects Chinese power firm to build wind farm

United Energy Group Ltd has announced plans to invest $3bn in a wind farm project in Pakistan.

The Chinese company said it had already obtained approval from the Pakistan government to construct the project, which is set to have a capacity of 500 MW.

Pakistan, which suffers chronic shortages of electricity, is offering clean energy producers higher rates for renewable power as it seeks to boost production, while diversifying energy supply away from oil and gas.

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