|
|
|
The Chief Executive Officer, AEDB, Mr. Arif Alauddin signed an MOU with Assistant President China Three Gorges Corp. (CTGPC), Mr. Lu Guojun during the recent visit of Chinese Prime Minster on 18th December 2010 in Marriott, Islamabad for development of 2,300 MW wind power and solar energy projects in
|
|
Pakistan of worth approx US$ 6.5 billion. The Prime Minister of Pakistan, Syed Yusuf Raza Gilani and Chinese Premier Mr. Wen Jiabao witnessed the signing of the MOU. Several Federal Ministers and Secretaries were also present during signing ceremony. .
CTGPC is a large state owned enterprise in China that built, owns and operates the Three Gorges Hydropower Station and other hydropower projects in China and abroad. CTGPC is also a large international clean energy group with its main focus on wind and solar. In Pakistan, the company is represented by its subsidiary “China International Water & Electric Corporation” (CWE). CWE has been active in power sector in Pakistan since 2003. This MOU is the CTGPC’s 10 year plan to invest in the renewable energy sector in Pakistan. According to MOU CTGPC would set up 2000 MW wind power and 300 MW solar power plants in Punjab and Sindh Provinces. The plans of CTGPC are deemed very prolific for exploiting wind and solar energy potential in the country. AEDB expect that CTGPC with its expertise and capabilities in renewable energy sector and its financial capacity, can deliver the desired objectives promptly. AEDB believe that with signing of this MOU a new window of opportunity would open up that would be very supportive for alluring huge Chinese Investment in the country and prompt development in wind and solar energy sector in Pakistan.
|
|
|
