ISLAMABAD – The US-based firm named Solar Stick is planning to invest inPakistan’s Solar Power Sector through a joint venture with a localPakistani firm called Net Power Company. Solar Stick has also introduced amobile solar technology in Pakistan which can be used for civil andmilitary purposes and can help in reducing the circular debt on Pakistan.
The announcement about the technology was made by the US Embassy CommercialOfficer in PakistanlinkRussel and US company Solar Stick’s Pakistani partner Muslim Lakhani onTuesday, during a ceremony held in Islamabad.
The US diplomat stated that Washington was planning to enhance itsrelations with Islamabad and the US companies expressed their interest inmaking an investment in Pakistan.
The companies were interested to invest in the solar energylinksectorof Pakistan as it has a lot of potential in areas where electricity couldnot be produced easily.
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The diplomat further added, *“We are making an investment in Pakistanthrough a joint venture with Net Power Company. Solar energy promisesenormous benefits to far-flung regions of Pakistan”.*
