MoU regarding solar development project was signed between Punjab government and an international consortium

Jul 25, 2013

MoU regarding solar development project was signed between Punjab government and an international consortium of five countries including Switzerland, Germany, Italy, Austria and Pakistan at Chief Minister Office, here today.

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Under the agreement, the international consortium will set up a plant of assembling and manufacturing of solar panels, solar cells and batteries in Faisalabad. The consortium will also consider the project of setting up 400 solar power projects each near industrial zones in Faisalabad, Sialkot, Gujranwala and Lahore while a 150-megawatt power plant will be set up along the motorway from Pindi Bhattian to Faisalabad. The consortium will also introduce solar pumps for agriculture sector in Punjab besides street lights in big cities of the province as well as those installed at Ring Road will be gradually converted to solar power. The consortium will also consider introduction and implementation of zero energy building system for large buildings besides evolving a project of supply of off-grid energy to industrial zones.
“Nothing could be more important than solution of energy crisis, therefore Punjab government is implementing a comprehensive program of encouragement of foreign investors.” CM Shahbaz Sharif. Group Chairman of the consortium said that his group is interested in making heavy investment in solar energy sector in Pakistan especially Punjab and the agreement will promote investment in the province