The Punjab government has signed a Memorandum of Understanding (MoU) with German electricity firm AEG to develop PV projects in the province of Punjab in Pakistan.
The agreement was signed by Secretary of Energy Jehanzeb Khan on behalf of the Punjab government while Karsten Weltzien, a representative of AEG signed on behalf of the German company, Pak Tribune reports.
Under the MoU, the government and AEG will cooperate to deliver a minimum of 50MW of solar projects in Punjab in 2013 and at least 300MW of PV projects in 2014. Between 50MW and 100MW will be established in the desert region of Cholistan while 20MW projects have been planned for industrial estates in Punjab.
The Chief Minister Muhammad Shahbaz Sharif was also present at the signing, where Pak Tribune cited Sharif as saying that the agreement was signed as a result of his recent visit to Germany, a country which “has made remarkable progress in solar energy sector”. He added that the Punjab government would like to benefit from AEG’s expertise in solar technology.
Sharif also spoke about the shortage of electricity in Pakistan and highlighted that the fact that Punjab offered vast opportunities for investment in solar power projects. In addition to Germany, the Punjab government is also working with China and Turkey to improve its energy sector.