{"id":87022,"date":"2022-07-02T10:59:00","date_gmt":"2022-07-02T05:59:00","guid":{"rendered":"https:\/\/www.zameen.com\/news\/?p=87022"},"modified":"2022-07-01T15:01:02","modified_gmt":"2022-07-01T10:01:02","slug":"pm-invites-chinese-firms-to-invest-in-solar-energy-projects","status":"publish","type":"post","link":"https:\/\/www.zameen.com\/news\/pm-invites-chinese-firms-to-invest-in-solar-energy-projects.html","title":{"rendered":"PM invites Chinese firms to invest in solar energy projects"},"content":{"rendered":"\n<p class=\"wp-block-paragraph\">Islamabad: Prime Minister (PM) Shehbaz Sharif on Wednesday (June 29) invited Chinese firms to invest in the renewable energy sector, especially solar power, in Pakistan, news sources reported. He highlighted huge investment potential in solar, wind and other power generation areas.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\"><strong>Read:<\/strong> <a href=\"https:\/\/www.zameen.com\/news\/all-economic-zones-kp-run-solar-energy.html\" data-type=\"post\" data-id=\"86368\" target=\"_blank\" rel=\"noreferrer noopener\">All economic zones in KP to run on solar energy<\/a>\u00a0\u00a0\u00a0<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">According to reports, the premier met with the Vice President (VP) of the Chinese state-owned corporation NORINCO Wang Xiaobing, and CEO NORINCO International (Pakistan) Li Chen to discuss the investment opportunities.\u00a0 The NORINCO team expressed a strong desire to participate in a wide range of renewable energy projects in Pakistan, particularly the 100 megawatts (MW) wind corridor in Thatta. Moreover, the premier complimented NORINCO on the execution of the <a href=\"https:\/\/www.zameen.com\/news\/lda-build-along-metro-bus-orange-line-routes.html\" data-type=\"post\" data-id=\"77225\" target=\"_blank\" rel=\"noreferrer noopener\">Orange Metro Line (OML)<\/a> project.\u00a0<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">He stated that the government negotiated the project contract directly with the <a rel=\"noreferrer noopener\" href=\"https:\/\/www.zameen.com\/news\/punjab-government-and-a-chinese-company-sign-an-mou-for-development-of-an-apparal-park.html\" data-type=\"post\" data-id=\"6711\" target=\"_blank\">Chinese government<\/a> using the Government-to-Government (G2G) mechanism. As a result, the project saved USD 600 million. He stated that the two countries have a long history of collaboration and that the government would continue to launch new initiatives in a variety of areas.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\"><strong>Read:<\/strong> <a href=\"https:\/\/www.zameen.com\/news\/wb-loan-solar-power-project-tarbela.html\" data-type=\"post\" data-id=\"86091\" target=\"_blank\" rel=\"noreferrer noopener\">WB approves PKR 56.7 bn loans for solar power project in Tarbela<\/a>\u00a0<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">It is vital to note here that solar energy accounts for just 1% of overall energy output, with 90 kWh produced in May. Pakistan generates 70% of its energy from nonrenewable sources such as LNG, coal, and other types of fossil fuels. The remaining 30% is met by hydroelectric power, which accounts for 24%, and wind energy, which accounts for 4%.&nbsp;<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Islamabad: Prime Minister (PM) Shehbaz Sharif on Wednesday (June 29) invited Chinese firms to invest in the renewable energy sector, especially solar power, in Pakistan, news sources reported. He highlighted huge investment potential in solar, wind and other power generation areas. Read: All economic zones in KP to run on solar energy\u00a0\u00a0\u00a0 According to reports, the premier met with the Vice President (VP) of the Chinese state-owned corporation NORINCO Wang Xiaobing, and CEO NORINCO International (Pakistan) Li Chen to discuss the investment opportunities.\u00a0 The NORINCO team expressed a strong desire to participate in a wide range of renewable energy projects in Pakistan, particularly the 100 megawatts (MW) wind corridor in Thatta. Moreover, the premier complimented NORINCO on the execution of the Orange Metro Line (OML) project.\u00a0 He stated that the government negotiated the project contract directly with the Chinese government using the Government-to-Government (G2G) mechanism. As a result, the project saved USD 600 million. He stated that the two countries have a long history of collaboration and that the government would continue to launch new initiatives in a variety of areas. Read: WB approves PKR 56.7 bn loans for solar power project in Tarbela\u00a0 It is vital to note here&hellip;<\/p>\n","protected":false},"author":84,"featured_media":64996,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[15020],"tags":[22096,52969,52967,52968],"persona":[],"class_list":["post-87022","post","type-post","status-publish","format-standard","has-post-thumbnail","category-social-developments","tag-china-pakistan-economic-corridor-cpec","tag-china-pakistan-relations","tag-pm-invites-chinese-firms-to-invest-in-solar-energy-projects","tag-solar-energy-projects-in-pakistan","cat-15020-id"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.9 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>PM invites Chinese firms to invest in solar energy projects - Zameen News<\/title>\n<meta name=\"description\" content=\"Islamabad: Prime Minister (PM) Shehbaz Sharif on Wednesday (June 29) invited Chinese firms to invest in the renewable energy sector, especially solar\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.zameen.com\/news\/pm-invites-chinese-firms-to-invest-in-solar-energy-projects.html\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"PM invites Chinese firms to invest in solar energy projects - Zameen News\" \/>\n<meta property=\"og:description\" content=\"Islamabad: Prime Minister (PM) Shehbaz Sharif on Wednesday (June 29) invited Chinese firms to invest in the renewable energy sector, especially solar\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.zameen.com\/news\/pm-invites-chinese-firms-to-invest-in-solar-energy-projects.html\" \/>\n<meta property=\"og:site_name\" content=\"Pakistan Real Estate News &amp; 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