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MoU for production of renewable energy products inked

The Ministry of Science and Technology (MoST) will soon initiate large-scale production and marketing of renewable energy and electronic products in the country and will ensure optimal utilisation of all available resources and promote cost-effective indigenous products.

In this regard, STEDEC Technology Commercialization Corporation of Pakistan, MoST, Pakistan Council for Renewable Energy Technologies (PCRET), National Institute of Electronic (NIE), Telecom Industry of Pakistan (TIP) and Ministry of Information Technology (MoIT) have signed a Memorandum of Understanding (MoU) to design, develop, large-scale production and marketing of renewable energy and electronic products.

Under the MoU, NIE and PCRET will design, develop and produce prototype of demand driven products and pass on the complete technical know-how to TIP, while STEDEC will undertake all financial and commercial aspects on behalf of PCRET and NIE.

TIP will be responsible for mass-scale production and marketing of products designed and developed by NIE and PCRET.

Joint Working Group, having representation of all the four parties as well as of MoST and MoIT will select the products (already designed or to be designed) and prepare workable operational model and SOPs for taking the products from initial stage to marketing level

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