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Chinese PV company to build 500MW plant in Pakistan

ZTE of China sign agreement with the Punjab government to build a 300-500MW plant in the new Quaid-e-Azam Solar Park.

PV panels
Under the deal, the plant will be established as a 300MW facility and then eventually expanded to a 500MW plant.

ZTE Energy have signed an agreement with the government of Punjab province to build a solar power plant in the state’s Quiad-e-Azam Solar Park, which was inaugurated on 5 August 2013.

Under the deal, the plant will be established as a 300MW facility and then eventually expanded to a 500MW plant. The government has said the plant will be completed in under a year.

Chief minister of Punjab, Muhammad Shahbaz Sharif signed the deal with Yu Yong, president of ZTE, along with other officials and witnesses from both parties.

At the inauguration, Sharif said that laying the ceremonial foundation stone represented the plant’s official opening to internal and external development.

The Chinese corporate investment comes after Shahbaz’ brother, prime minister Muhammad Nawaz Sharif, visited China with the intention of promoting the solar park and other investment opportunities in Pakistan.

Muhammad Shahbaz Sharif added that foreign investment and prosperity of the country is determined by electricity, solar powered or otherwise, and that the government compiled a roadmap for how these changes will be implemented as quickly and efficiently as possible.

He also said that this was part of several deals with companies and consortiums to resolve a growing energy crisis in the state. One of the most recent was a memorandum of understanding between the government and a consortium of five countries consisting of Switzerland, Germany, Italy, Austria and Pakistan for a solar development project signed last week. At the time of the deal, Sharif said “Nothing could be more important than a solution to the energy crisis.”

Earlier this year, the Punjab government set up a solar powered tender for nations interested in establishing solar power projects in the state.