Companies from Pakistan and China have signed a memorandum of understanding to explore renewable energy projects.

KARACHI: Companies from Pakistan and China have signed a Memorandum of Understanding (MoU) for cooperation in exploring renewable energy.

Committed to providing clean, affordable and sustainable electricity to the people of Pakistan, including K Electric’s growing customer base of over 3.4 million, K Electric CEO Mr. Syed Munis Abdullah Alvi and Wang Minsheng, CEO China Three Gorges South Asia Investments Limited (CTGSAIL) has signed a memorandum of understanding for cooperation in exploring renewable energy including hydro projects across the country including Azad Jammu and Kashmir.

The two companies will also work to develop a roadmap for the installation of grid-scale battery energy storage systems in KE’s network.

China Three Gorges South Asia Investment Limited (CTGSAIL) is a subsidiary of China Three Gorges International Corporation (CTGI), the international trading platform of China Three Gorges Corporation (CTG), which is involved in clean energy investment, development and more. Focuses more on operations. More than 40 countries. CTGSAIL has 2.6 GW of generating assets in Pakistan valued at over USD 6 billion and is actively investing in hydel, wind, solar and PV power projects in the emerging markets of Asia, Middle East and North Africa. is doing

“This is a milestone moment for Karachi and its customers, and I am very happy to be here today,” Monis Alvi said on the occasion.

“We are actively working to contribute positively to the country’s ambitions to increase the share of clean, sustainable, and affordable energy in our mix. Global companies as partners explore these new frontiers with CTGSAIL. Karna is very excited. Their global experience will help accelerate our efforts, and we look forward to working with them. Pakistan is no stranger to climate change, and today is the time to act. Incorporating renewable energy is critical to balance affordability with the impact on the environment for our customers.

Speaking on the occasion, CTG Cell CEO Wang Minsheng said that this will be another step of CTG Cell for Cleaner Energy, Better Pakistan. CTGSAIL, in line with the “Belt and Road Initiative” philosophy of innovation, integration, mutual development and inclusion of local expertise, has ventured with K-Electric to provide low-cost, clean energy solutions that drive economic development. is the basis. emerging economies. Green energy not only helps to solve the problem of climate change but also provides a competitive advantage to industrial users through cost optimization.

“Considering the recent floods in Pakistan, we strongly believe that adding renewable energy sources to the country’s energy mix is ​​becoming a necessity. We hope that this partnership will yield great results for both organizations.” and lead to joint implementation of renewable energy projects in Pakistan.

KE Chief Marketing and Communication Officer Ms. Sadia Dada, Head of Business Development Mr. Mudassar Zuberi along with Senior Advisor NA Zuberi, CTGSAIL Deputy General Manager Project Development Mustafa Umar Riaz were also present on this occasion. Other senior members of both organizations were also present.