LAHORE: A memorandum of understanding (MoU) on Wednesday was signed between the Punjab government and a prominent Chinese company Zonergy here Wednesday.
Punjab Chief Minister Muhammad Shahbaz Sharif was the chief guest on the occasion.
Under the agreement, Chinese company will set up a 900 megawatt solar project at Quaid-e-Azam Solar Park which will be completed within 21 months.
Moreover, 500 megawatt solar energy project will be completed in 15 months and 400 megawatt solar project after next six months. Additional Chief Secretary Energy Jehanzeb Khan and the President of Chinese Company, Yu Yong signed the document.
Speaking on the occasion, the Chief Minister welcomed the signing of the MoU and said that it will be implemented speedily.
He said that all out measures will be taken for executing the project within stipulated period. He said that Pakistan is facing severe energy crisis and its resolution is necessary for promotion of industrial and trade activities as well as overcoming poverty and unemployment.
Shahbaz Sharif said that government is taking expeditious measures for coping with the shortage of electricity and energy projects are being implemented without wasting any time.
He said that cooperation between Pakistan and China in energy and other sectors is increasing.
The President of Chinese Company Yu Yong said that Chinese leadership respects Chief Minister Punjab Muhammad Shahbaz Sharif as he is a man of his words.
He said that the company will make its best efforts for completing the project within a stipulated period.
Chairman Quaid-e-Azam Solar Park Arif Saeed, Additional Chief Secretary Energy, Chief Executive Officer Quaid-e-Azam Solar Park and concerned officers were present on the occasion.