Pakistan, Norway ink MoU for 150MW solar power plants

Published July 7, 2015
Prime Minister Nawaz Sharif and Norway's Prime Minister Erna Solberg witnessed the signing. —PM House
Prime Minister Nawaz Sharif and Norway's Prime Minister Erna Solberg witnessed the signing. —PM House

ISLAMABAD: Pakistan and Norway signed a Memorandum of Understanding (MoU) for construction of three solar power plants to generate a total of 150MW of electricity, said a statement issued on Tuesday.

Prime Minister Nawaz Sharif and Norway's Prime Minister Erna Solberg witnessed the signing ceremony of a MoU between Scatec Solar of Norway and Nizam Energy of Pakistan to jointly develop the solar power plants on a build-own-operate basis.

The construction of three solar power plants to generate a total of 150 MW of electricity is expected to start in the first quarter of 2016.

The project would be completed in a year’s time and will be located in Sindh province, with an initial investment of $300 million.

An additional 150 MW is planned to be developed in the second stage, bringing the total investment to nearly $600 million.

Adviser on Foreign Affairs and National Security Sartaj Aziz and other members of the Pakistani delegation were also present on the occasion.

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