July 08, 2015
News
Pakistan-Norway sign MoU to build 150 MW solar power plants
APPOSLO, Norway – Prime Minister Nawaz Sharif and Norwegian Prime Minister Erna Solberg witnessed signing ceremony of an MoU between Scatec Solar of Norway and Nizam Energy of Pakistan to jointly develop and Build-Own-and-Operate solar power plants in Pakistan.
The construction of three solar power plants generating a total of 150 MW of electricity is expected to start in the first quarter of 2016. Located in Sindh province, the photovoltaic plants involve an initial investment of nearly $300 million. The projects would be completed in about a year's time. An additional 150 MW is planned to be developed in the second stage, bringing the total investment to nearly $600 million.
Adviser to Prime Minister Sartaj Aziz; MoS for Education Balighur Rahman; Special Assistant to Prime Minister Tariq Fatemi were also present on the occasion.
Courtesy www.dailytimes.com.pk