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Germany to help Punjab go solar - Salman - 10-08-2012 12:27 PM
LAHORE - A Memorandum of Understanding (MoU) on Solar Energy Project was signed between Punjab Government and Germany’s Solar Power Project Development Firm in Berlin on Saturday.
According to details, the German firm would work on a mega project for generation of solar energy in Punjab. The representatives of Germany’s Solar Power Firm, accompanied by a high-level delegation, would pay a visit to the Punjab in November to launch the solar energy project.
A large business delegation from Germany accompanied by the representatives of German Solar Power Firm would also visit Punjab in November, which would include representatives of well-known energy companies of Germany, and other high-ranking officials.
Terming the signing of Memorandum of Understanding for establishment of solar energy project in collaboration with the German Company in Punjab as a highly welcome step Punjab Chief Minister Muhammad Shahbaz Sharif said that vast opportunities of investment in the solar energy sector exist in Pakistan, especially in Punjab. He called upon German companies to assist Pakistan in finding new and sustainable methods for acquiring energy and said that the German technology is unprecedented in the field of solar energy, throughout the world.
Shahbaz further said that Punjab government would extend maximum facilities and incentives to the German companies as meeting the challenge of energy crisis in an effective manner is the top priority of the Punjab government.
Extending an invitation to the German energy companies for investing in the energy sector of Pakistan, especially Punjab, the chief minister said that large opportunities of electricity generation through coal, hydel and thermal exist in Punjab.
He added that although Pakistan has more than five hundred million tons of coal reserves, its industrial and agricultural production, along with its economy, is getting severely affected due to the energy crisis.
The CM pointed out that the country desperately needs energy and Punjab government desires the German companies to make investment in the solar sector, to meet Pakistan’s energy requirements.