Home Business Pakistan Norway companies sign MoU for 150 MW solar power plants

Pakistan Norway companies sign MoU for 150 MW solar power plants

Prime Minister Muhammad Nawaz Sharif and Norway’s Prime Minister Mrs. 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, here this afternoon.

solar power plants

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 US$300 million. The projects would be completed in about a year’s time. An additional 150 MW is planned to be developed in the second stage, bringing the total investment to nearly US$ 600 million.

Advisor to PM, Mr. Sartaj Aziz; MoS for Education, Mr. Baligh ur Rahman; Special Assistant to PM, Mr. Tariq Fatemi were also present on the occasion.

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