The UAE on Wednesday inked a Memorandum of Understanding (MoU) to hand over a 320 MW gas-fired power plant to Pakistan to help meet its immediate energy needs. The signing ceremony was witnessed by President Asif Ali Zardari who was in Abu Dhabi on a private visit. Federal Minister for Water and Power, Raja Pervez Ashraf inked the agreement with his UAE counterpart Sheikh Dhiyab bin Zayed Al Nahyan, who is also the chairman of the Abu Dhabi Electricity and Water Authority (ADEWA). President of UAE Shaikh Khalifa bin Zayed Al Nahyan in his meeting with President Asif Ali Zardari in November last year offered the power plant to Pakistan as a gift, keeping in view the serious energy shortage the country was facing. Pakistan and UAE enjoy wide ranging ties and their leaders frequently interact to further strengthen their wide-ranging relations. The two leaders in their several meetings have agreed to enhance cooperation in all fields and open new avenues for mutual cooperation and partnership in different sectors. He said that the Pak-UAE relations will further boost and both the brotherly countries will help each other in energy sector in the near future.