Bejing & Wuxi, China [RenewableEnergyWorld.com] Suntech Power Holdings Co. Ltd. has entered into a memorandum of understanding (MOU) with Pakistan’s Alternative Energy Development Board (AEDB) to work towards the development of solar energy technologies to meet the energy shortage in Pakistan.
The objective of the MOU is to facilitate cooperation between Suntech and both the public and private sectors in Pakistan to help implement solar programs including the AEDB’s Rural Electrification Program, the development of Solar Power Pumping Systems with the AEDB and the World Bank as well as Solar Power Telecom Projects in collaboration with Pakistani telecommunication companies.
“This is a clear example of the promise of solar energy in meeting growing demands for electricity in the developing world in an environmentally friendly way. With rapid improvements in solar energy technology and operational efficiency, solar energy is establishing itself as a crucial, cost-competitive part of the global energy mix,” said Dr. Zhengrong Shi, Suntech’s chairman and CEO.
Final agreement between the parties is subject to the negotiation and execution of definitive agreements among the parties.