KARACHI: Sindh Energy Minister Imtiaz Ahmed Sheikh on Thursday said that country’s first floating solar power project of 500MW would be launched soon on Keenjhar Lake and a Letter of Intent (LoI) had been issued for the project.

“Work on the feasibility report of the project is in full swing and it is hoped that the project will start generating electricity in two years after going through the approval stages,” he said while talking to officials of power companies in his office.

He said that Go Company, working on the project, was expected to invest US$400 million in the project. The minister said that this first and unique floating solar power plant project of its kind in Pakistan would not only provide 500MW of environmental-friendly electricity but also create employment opportunities in the province besides promoting tourism at Keenjhar Lake.

Mr Shaikh said that work on the feasibility report of the project was in the process of completion and it was expected that the project would start generating electricity in the next two years. “This 500MW eco-friendly power project is another milestone of the achievements of the Sindh government,” he concluded.