Korean firm ready to invest in solar energy projects



ISLAMABAD  - A three-member delagation of Korean company Concentrix (CX) Solar on Tuesday called on MOS/Chairman Board of Investment (BOI) Saleem H. Mandviwalla and showed interest in investment in solar projects in Pakistan including installation of 300MW solar energy project in Quetta.The delegation was led by Dr Choi Moon-sok, the CEO of Concentrix (CX) Solar, Korea.The company showed its interest in putting up a project of solar energy in Quetta, says a statement issued by the BOI Tuesday. In this regard, they (Koreans) are already in negotiation with the Balochistan government and they would be signing an agreement for the construction of 300MW power plant in Quetta.The delegation informed the MOS/Chairman that their technology is the latest and it is best suited to Pakistani conditions. The delegation said they are interested to install a solar power plant of up to 300MW in Quetta and they would be signing an agreement with the Balochistan government for that matter.The Balochistan government has already offered them a piece of land of 1500 acres near the airport. As the first step, they would install 50MW, and then they would gradually complete it up to 300MW in the form of six complexes/sub units.The MOS/Chairman BOI welcomed them to start the project and encouraged them to come up with various other proposals to invest in the energy sector of Pakistan. He informed the delegation that the Prime Minister is very keen to improve the energy sector, given the current prevailing energy crisis in the country. The company also intends to sign an MoU with the Board of Investment, which is under process.Later in the evening, Mandviwalla along with the delegation called on the Prime Minister, where the company representatives apprised the PM about their planned power plant project in Quetta.Also they suggested various proposals, like the conversion of the diesel generated pumps to solar energy for irrigation purposes. The PM appreciated their investment plans and ensured the full support and cooperation of the government in these projects.

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