The
Pakistan Government has announced that, they have signed an MoU with
AEG, which would see them develop 450MW Solar Projects in the Country. A
total of two projects will be Developed, one 50MW and other 400MW.
Pakistani
Government says, the 50MW project will feed the grid by June 2013 and
the 400MW project will also be completed within a year. German company
AEG will charge at the rate of 18 cent and sovereign
guarantee will be sought from federal government for these projects.
The
government has also signed two
Memorandum of Understandings (MoUs) with German company Energiequelle
and Austrian company Andritz Hydro for cooperation in energy sector. And
under this agreement Energiequelle will built 300MW Solar Project while
Andritz Hydro will cooperate in hydel power projects in the Country.
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