A Memorandum of Understanding (MoU) on Solar Energy Project was signed between Punjab government and Germany's Solar Power Project Development Firm in Berlin, according to which the German firm would work on a mega project for generation of solar energy in Punjab.
This was revealed in a information of DGPR received here on Saturday. In this regard, the representatives of Germany's Solar Power Firm, accompanied by a high-level delegation, would pay a visit to the Punjab province in November to launch a 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 MoU 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.
Muhammad Shahbaz Sharif said that Punjab government would extend maximum possible facilities and incentives to the German companies, as meeting the challenge of energy crisis in an effective manner is the top most priority of the Punjab government. Extending invitation to the German energy companies for making investment in the energy sector of Pakistan, especially Punjab, Chief Minister Muhammad Shahbaz Sharif said that large opportunities of electricity generation through coal, hydel and thermal exist in Punjab.
He said, although we have more than five hundred million tons of coal reserves, yet Pakistan's industrial and agricultural production, along with its economy, is getting severely affected due to the energy crisis. The Chief Minister pointed out that the country badly needs energy and Punjab government desires the German companies to make investment in the solar sector, to meet our energy requirements.