ISLAMABAD (APP) - Zarai Taraqiati Bank Ltd (ZTBL) and Chinese firm M/s Xian Chaoguang Electronic Techno-logy Co. here on Tuesday signed a Memorandum of underst-anding (MoU) for introdu-ction/promotion of alternate energy technology i.e. Solar/LED lights & Nano Ceramics lamps. A simple signing ceremony was held here in ZTBL, Head Office which was attended by Banks Executives and five members Chinese delegation led by Xu Shehui President of M/s Xian Chaoguang. The Memorandum of understanding was signed by Xu Shehui while Ms Amna Imran (SEVP) signed on behalf of ZTBL. The MoU is specifically meant for demonstration and experimental purposes only, says a statement issued by the bank here today. It said that in pursuance of Governments efforts to overcome growing energy crisis and day to day increase in electricity cost, Zarai Taraqiati Bank Ltd (ZTBL) has taken a lead to apply this technology on experimental/demonstration basis in its offices. The Banks initiative is aimed at promotion of alternate energy technology in Pakistan i.e, Solar/LED lights for en-ergy conservation to mitigate the ever increasing energy crisis in Pakistan and to develop the image of ZTBL as Green Bank, said the banks statement. It further said that the current energy crisis require that we should focus on all viable source of energy conservation which could help the Govts initiative to off set the effects of electricity on countrys poor people and also to save the electricity bills and other related costs.