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Canadian company to set up 500mw solar project

AN agreement was signed between Punjab government and Canadian Solar Company for investment in solar energy project, here Thursday.

Under the agreement, Canadian Solar Company will set up a 500 megawatt solar project at Quaid-e-Azam Solar Park. In the first phase, a 200 megawatt plant would be set up within a year while a 300 megawatt project would be completed during next two years. Canadian Solar Company would invest about 1.75 billion dollars in the 500 megawatt solar project while Punjab government would provide free-of-cost land. Chief Minister Shahbaz Sharif, Provincial Energy Minister Ch Sher Ali Khan, Additional Chief Secretary, Secretary Energy Jehanzeb Khan, Senior Vice President Global Head of Utility Solar Project of the Canadian Solar Company Charles Bai and other senior officials of the company were present at the signing ceremony.

Talking to media men on the occasion, he welcomed the agreement between Punjab and solar company of Canada for cooperation in energy sector. The Canadian company will make total investment in 500 megawatt solar energy plant. The CM said that the agreement of cooperation between Canadian Company and Punjab is a step forward. He said that Pakistan is relying on thermal power for electricity production and a sum of Rs 10 billion dollars is being spent annually on import of fuel which a poor country like Pakistan cannot afford. He said that prices of solar power plants are decreasing in the world; therefore, Punjab government is giving priority to solar energy projects. He said that during recent visit to China he visited various solar plants and observed that neither a heavy workforce is required for the purpose nor there is any expenditure on gas or fuel.

Replying to the questions of media men, the CM said the elements involved in gas and power theft were criminals and deserve no leniency. He made an appeal to the people to expose gas and power thieves in the national interest. He said that Punjab government is continuing a vigorous campaign against energy thieves. He said that Punjab government is paying full attention to maintenance of law and order and complete protection will be provided to foreign investors in the province. He said that the government led by Prime Minister Nawaz Sharif is making serious efforts for resolving energy problem. Special attention is being paid to generation of electricity from coal and coal-based energy projects are being set up at Gadani, Hubco and near Port Qasim, he concluded.

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