European Companies to provide 1000 MW renewable energy to Sindh

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KARACHI: (APP) The chairperson of the Sindh Investment Board (SBI) who is on a visit to Germany has signed a Memorandum of Understanding (MoU) with a consortium of European companies in Munich for production of 1,000 megawatt renewable energy.

An official of SBI said here on Monday that the companies were M/s Green Quest solutions UK and M/s Alka Power Holding Netherlands.

It was pointed out that the companies would generate energy through solar, wind and hydro power.

Earlier, the SBI delegation led by its chairperson, Naheed Memon, attended a conference in Munich organized by the state government of Bavaria.

The moot was also attended by the Pakistani businessmen, members of the delegation and the German officials.

Naheed Memon gave a detailed briefing at the conference regarding the prospects of investment in the energy sector in the country especially in the province of Sindh and in particular in Karachi.