The Punjab government is to provide a Rs50 million loan to the Qauid-i-Azam Solar Park so civil works can be initiated on the project, The Express Tribune has learnt.
The Finance Department is to release the funds to the company. The Qauid-i-Azam Solar Park is to be set up on 5,000 acres in Cholistan in Bahawalpur district. The park has been registered as a company with the Securities and Exchange Commission of Pakistan.
On October 9, the government posted Najam Ahmad Shah as chief executive officer of the QSP Company on deputation. The CEO, a Pakistan Administrative Services (PAS) officer in BS-19, is on a salary of around Rs800,000 a month.
The CEO had requested the Finance Department to provide a Rs200 million loan as seed money in order to enable the company to start work at the site. An official said that the work included land-levelling, tube-well installation, and the construction of buildings and roads. The company has already started making recruitments, he added.
Published in The Express Tribune, November 24th, 2013.
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