AEC would finance the energy projects that would set up the solar energy farms, ranging from 300 to 500 megawatts (MW).
KARACHI: Advanced Electronics Company (AEC), a Saudi-based technology solutions provider, will set up a solar energy farms project in different parts of Sindh to help the province overcome the energy crisis.
According to a handout from the Chief Minister House, the announcement was made after a meeting between AEC President Dr Ghassan Al Shibl and Sindh Chief Minister Syed Qaim Ali Shah.
It was decided that the AEC would finance the energy projects that would set up the solar energy farms, ranging from 300 to 500 megawatts (MW).
The AEC also announced that it would provide 200,000 water meters to Karachi, while also allotting several UPS systems to other parts of the province.
Shah welcomed the development, saying that it would not only help overcome the energy crisis but also strengthen the cordial relations with Saudi Arabia.
“The decision will prove a milestone towards the development in Sindh,” said Shah. The minister also assured the management of the AEC of ‘complete support, cooperating in the setting up of the project’.
Published in The Express Tribune, November 21st, 2013.
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This would bring in foreign investment of more than US$500 million, creating thousands of employment opportunities and increasing GDP by PKR 50 Billion. Good to see that foreign investment has started pouring in Pakistan after PML-N has won the elections with landslide victory in 2013. Long Live Pakistan!