ISLAMABAD: The 900 MW solar project in Pakistan with the Chinese investment of US $1.5 Billion by Zonergy Company Limited will put its first 50 MW into the national grid by August 14, 2015, and an additional of 250 MW by the end of December 2015, thereafter every month 100 MW will be added to the national grid.
President Zonergy (China), Yu Yong told senior journalists at an exclusibe briefing here the otherday regarding the largest solar power project (900 MW) launched at Quaid-i-Azam Solar park Bahawalpur in the province of Punjab.
Mr.Yu Yong appreciated the Federal government and Provincial government of Punjab for their cooperation and facilitation in the establishment of solar park in the province.
Najeeb Sadiq Director Zonergy, Tommy Tang Director General International Business department of the company, Katy Zhao and Fang Lei were also present on the occasion.
The Largest Solar Power Project of the world has been launched in Pakistan by Zonergy Company Limited, he added.
He said that the 900 MW solar project was being developed in three phases and expected to connect with the national grid by the mid of 2016.
Yu Yong, President Zonergy said that this solar project would be completed with the investment of US $1.5 Billion which would be financed by Chinese financial institutions.
Mr. Yu Yong, said that first 50 MW would be put into the national grid by Middle of August 2015 adding that this project would also promote local economic development and improve people's livelihood.
"At least 3300 job opportunities will be created directly": Yu Yong, President Zonergy said.
This project, he said has great economic and political significance as it has been listed in early harvest projects in China Pakistan Economic
Corridor (CPEC). Yu Yong, President Zonergy further said that this project was so far the largest solar power project in the world.
To a question, he said that two technical schools of international standards would be established on at Lahore for skill development of the local people specially in solar technology.
He said that Solar power generation has become a global focus because it is clean, renewable and safe adding that Pakistan has remarkable sunshine and with this project new ear of solar power generation would begin.
The Pakistan government, he said intends to improve power shortage through developing solar power projects which are less expensive and can be operationalize within short span of time.
Yu Yong said that this 900 MW project was located in QA solar Park in Bahawalpur of Punjab with total area of 4500 acres.
An annual amount of 1.271 billion KWh of electricity was expected to be generated from this solar power station, which would greatly relieve the power shortage in Punjab and neighboring areas he added.
This project, he said would also promote local economic development and improve people's livelihood.
"After all, 900 MW are connected to national grid, 394,000 tons of standard coal will be saved and 826,000 tons of carbon dioxide will be reduced every year", he remarked.
This solar power station, he further said would become a "solar oasis" in CPEC and injected new energy for deepening China-Pakistan friendship.
It has been listed in early harvest projects under "China Pakistan Economic Corridor" (CPEC) roadmap and considered as one of the key initiating projects in "One Road One Belt" national development Plan.
Mr. Yu Yong, President Zonergy said that this project had great economic and political significance as it has been listed in early harvest projects in CPEC.
The investment and construction of this global single largest solar power project, he said raised high level requirements on capital, technology and management for Zonergy.
"With comprehensive management advantages and international projects development experiences, Zonergy is confident to build this project to be an exemplary one in CPEC projects and a new highlight in China-Pakistan friendship", he said.
Zonergy Company Limited, he said was a national level hi-tech enterprise, and focused on providing integration services in renewable energies and energy saving sectors.
Its global competitive advantages are widely recognized in domestic and global society.
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