*Punjab government signs MoU for setting up of 900 megawatt solar project
A memorandum of understanding was signed between the Punjab government and a prominent Chinese company Zonergy on Wednesday.
Under the agreement, the Chinese company will set up a 900 megawatt solar project at Quaid-e-Azam Solar Park which will be completed within 21 months. Moreover, 500 megawatt solar energy project will be completed in 15 months and 400 megawatt solar project after next six months. Energy Additional Chief Secretary Jehanzeb Khan and the Chinese Company President Yu Yong signed the document.
Punjab Chief Minister (CM) Muhammad Shahbaz Sharif was the chief guest on the occasion.
Speaking on the occasion, the CM welcomed the signing of the MoU with the Chinese company for solar energy project and said that it will be implemented speedily. He said that all out measures will be taken to execute the project within stipulated period. He said that Pakistan is facing severe energy crisis and its resolution is necessary for promotion of industrial and trade activities as well as to overcome poverty and unemployment. Shahbaz said that the government is taking expeditious measures to cope with the shortage of electricity and energy projects are being implemented without wasting any time. He said that the agreement signed with Chinese company for solar power project will help to control load-shedding. He lauded the cooperation between Pakistan and China in energy and other sectors.
President of Chinese Company Yu Yong said that the Chinese leadership respects Shahbaz Sharif as he is a man of his words. He said that the company will make its best efforts to complete the project within a stipulated period. Quaid-e-Azam Solar Park Chairman Arif Saeed, Energy additional chief secretary, Quaid-e-Azam Solar Park chief executive officer and officers concerned were present on the occasion.
