KARACHI - Tuwairqi Steel Mills Limited, a subsidiary of Al Tuwairqi Holding of the Kingdom of Saudi Arabia, in collaboration with Greshams Eastern Pvt. Ltd., leading energy and environmental solution provider, have formally signed Memorandum of Understanding (MoU) with 3 Slovenian companies of the European Union i.e. IBE, Turbo Institute and KIV for indigenized development of alternate energy projects. The MoUs were signed at Sindh Board of Investments (SBI) head office. Under these MoUs these Slovenian entrepreneurs will provide new technologies to develop alternate/renewable energy resources in order to meet the ever-increasing demand of power in this part of the world with special focus on reducing the emission of green-house gases. Through this collaboration, IBE will provide technical assistance in setting up alternate and renewable energy based plants/facilities, while Turbo Institute will collaborate to provide the technology of small to medium scale turbines, which are effective for hydro power set-ups on canals and rivers. In addition, KIV is providing leading European expertise in gasification and power generation from municipal solid waste and various biomass sources. The advantage of these 3 MoUs is to Pakistans benefit in terms of a potential direct and indirect investment, creation of technical jobs and cost saving in oil import. In the presence of Mohammad Zubair Motiwala, Advisor to Chief Minister for Investment and Mohammad Younus Dagha, Secretary Investment/DG SBI, the MoUs were signed by Zaigham Adil Rizvi, Director (Projects), TSML; Mian Suhail Hussain, CEO, Greshams Eastern Pvt. Ltd.; Uros Mikos, GM, IBE Consulting Engineers; Vladimir Kercan, General Director, Turbo Institute and Ivo Kreca, GM, KIV. These companies were the part of Slovenian trade delegation headed by Dr Zeljko Warga, Exec. Director-European Operations, Greshams Eastern Pvt. Ltd.; Dr Stamatovski, CEO, JAPTI and Dr Peter Novak, Dean of Department of Mechanical Eng., Chairman of Int. Refrigeration Organization.