LAHORE (PR): Dr. Basharat Hasan Bashir, CEO Alternative Energy Development Board (AEDB) has recently issued an LOI for a 10 MW solar energy project to be launched in Gharo, Sindh. Dr. Basharat, who assumed the charge of CEO AEDB w.e.f. June 12, 2013, is encouraging alternate energy projects with particular emphasis on projects based on wind and solar energies in order to resolve the energy project bottlenecks currently being experienced by the investors.

Mr. Rafique Dawood received the LOI on behalf of a proposed Joint Venture between an American party and Dawood Group Limited. The project will be initiated on a fast track basis as soon as the Upfront Tariff for solar projects is released by NEPRA, which is expected to be announced soon after Eid-ul-Fitr.