BUSINESS RECORDER:900 megawatts solar power project to be launched by Chinese company

The 900MW largest solar power project would be launched in Pakistan with an investment of $1.5 billion by the Chinese company Zonergy Limited. Talking to a group of journalists, President Zonergy Yu Yong revealed that this project would be developed with a cutting edge technology and the equipment would be procured from the renowned manufacturers of Europe and China. The 900MW solar project would be constructed in three phases and is projected to connect to the national grid by the end of 2016. It will be financed by Chinese financial institutions.

The first 50MW will be put into the national grid by end-August 2015, an additional 250MW by the end of December 2015, thereafter every month 100MW will be added to the national grid. This 900MW project would be located in QA solar Park in Bahawalpur, Punjab, with a total area of 4500 acres. An annual amount of 1.271 billion KWh of electricity is expected to be generated from this solar power station, which will greatly relieve the power shortage in Punjab and neighbouring areas.

This project will also promote local economic development and improve people’s livelihood. At least 3300 job opportunities will be created directly. After the entire 900MW is connected to national grid, 394,000 tons of standard coal will be saved and 826,000 tons of carbon dioxide will be reduced every year. This solar power station will become a “solar oasis” in CPEC and inject new energy for deepening China-Pakistan friendship.

It has been listed in early harvest projects under “China Pakistan Economic Corridor” (CPEC) roadmap and considered as one of the key initiating projects in “one road one belt” national development Plan.

Yu Yong, President Zonergy, said that this project has great economic and political significance as it has been listed in early harvest projects in CPEC. The investment and construction of this global single largest solar power project raises high level requirements on capital, technology and management for Zonergy. With comprehensive management advantages and international projects development experiences, Zonergy is confident to build this project to be an exemplary one in CPEC projects and a new highlight in China-Pakistan friendship.

President Zonergy further stated that efficiency of government departments in Pakistan has improved. He also appreciated the political leadership for extending full co-operation to materialise the project. In reply to a question, he said, ZTE is not the only investor in Zonergy but the main shareholder. He said the company’s business is to establish solar power plants and its maintenance.

With regard to inter-connection of solar power with the national grid, he said, Chinese and Pakistanis engineers will do this job collectively as inter-connection of solar and the traditional electrical system requires highly technical experts. Solar is not the only business of the company but certainly it is the major pillar of its business. The biggest solar power plant is of 1200-MW capacity. Chinese banks expressed concerns on the high cost of maintenance of solar power plant but ultimately they agreed to invest in Pakistan, he added.