A well reputed German solar company Azur Solar GmbH has signed a Memorandum of Understanding (MoU) with Raza Impex Pvt Ltd Pakistan during the visit of the Prime Minister of Pakistan Syed Yousuf Raza Gilani to Germany. According to Board of Investment (BoI) here Monday, the signing ceremony was attended by the officials of German Ministry of Economics and BoI officials.
The two companies have agreed to enter into a joint venture for installation of a 50-megawatts solar power plant in Pakistan. Bernd Sauter, CEO signed the MoU on behalf of Azur Solar whereas Zafar Hussain, CEO, and Khurram Bilal, Managing Finance Partner signed it on behalf of Rafza Impex Pakistan.
BoI chairman, Saleem H Mandviwalla, and Honorary Investment Counsellor of BoI in Germany, Sikander Mir-Kohler, have played a very active and effective role in bringing the private sectors of the two countries closer together in an unusual way. Furthermore, Mir-Kohler is determined to offer one window facilitation services for an early and solid realisation of the project.