LAHORE: A delegation of Korean investors signed on Monday a Memorandum of Understanding (MoU) for the establishment of a solar module fabrication facility in Faisalabad district.
CK Lab Co Ltd and CK Solar Co Ltd are both public limited companies that want to establish a CK-Si-PV™ solar module fabrication business in Faisalabad M-3 City.
The Korean delegation was led by CK Lab CEO Dr Choi Moon-Sok, its CFO Jin Dae-Hyun, Vice Chairman of Head Office Kepco Plant Service and Engineering Go Joomyeong and its Executive Manager Jang Byung-Won.
Sooba Khan, Ex-Honorary Investment Counselor of Pakistan to Korea, was also present. CEO Amena Cheema briefed the delegation on the value propositions, opportunities and prospects offered by Punjab for establishing their manufacturing facility.
She introduced the delegation to the representative of the Faisalabad Industrial Estate Management and Development Company that would offer them developed land in Faisalabad M-3 Industrial City.
Dr Choi Moon-Sok expressed his gratitude to Punjab Board of Investment and Trade for facilitating the acquisition of land.
It was agreed that CK Solar would send their work plan to PBIT for facilitation and servicing. The company also desires to establish a solar power generation plant in Punjab.
Published in Dawn, August 9th, 2016
