The 900 MW solar project in Pakistan with the Chinese investment of US $1.5 billion by Zonergy Company Limited will put its first 50 MW into the national grid by August 14, 2015, and an additional of 250 MW by the end of December 2015, thereafter every month 100 MW will be added to the national grid.
President Zonergy (China), Yu Yong told senior journalists at an exclusibe briefing here the other day regarding the largest solar power project (900 MW) launched at Quaid-i-Azam Solar park Bahawalpur in the province of Punjab.
Mr Yu Yong appreciated the federal government and provincial government of Punjab for their cooperation and facilitation in the establishment of solar park in the province. Najeeb Sadiq Director Zonergy, Tommy Tang Director General International Business department of the company, Katy Zhao and Fang Lei were also present on the occasion.
The largest solar power project of the world has been launched in Pakistan by Zonergy Company Limited, he added. He said the 900 MW solar project was being developed in three phases and expected to connect with the national grid by the mid of 2016.
Yu Yong, President Zonergy said this solar project would be completed with the investment of US $1.5 Billion which would be financed by Chinese financial institutions.
Yu Yong said that first 50 MW would be put into the national grid by middle of August 2015, adding that this project would also promote local economic development and improve people’s livelihood.
“At least 3300 job opportunities will be created directly”: Yu Yong, President Zonergy said.
This project, he said, had great economic and political significance as it had been listed in early harvest projects in China Pakistan Economic Corridor (CPEC). Yu Yong, President Zonergy, further said that this project was so far the largest solar power project in the world.
To a question, he said, two technical schools of international standards would be established at Lahore for skill development of the local people specially in solar technology.
He said that solar power generation had become a global focus because it was clean, renewable and safe, adding that Pakistan had remarkable sunshine and with this project new ear of solar power generation would begin.