South Korea has shown its interest to install a power plant project of up to 300MW of solar energy in Quetta, in this regard Memorandum of Understanding (MOU) would be signed with Balochistan government.
The Balochistan government has already offered to Korean company a piece of land of 1500 acres approximately near the airport.
Solar energy options were discussed during a meeting of Korean delegations with Chairman Board of Investment (BOI) Saleem H. Mandviwalla on Tuesday for investment in solar energy projects in Pakistan. The delegation was led by Dr. Choi Moon-sok, the CEO of Concentrix (CX) Solar, Korea.
The three member Korean delegation informed the Chairman BOI that company was interested in putting up a project of solar energy in Quetta and for this purpose they were already in negotiation with the Balochistan government, after which they would be signing an MOU for the construction of 300 MW Power Plant Project in Quetta.
The delegation informed the Chairman that their technology was the latest and is best suited to Pakistani conditions.
As a first step, they would install 50MW, and then they would gradually complete it upto 300MW in the form of six complexes/sub units. Chairman BOI welcomed them to start the project and encouraged them to come up with various other proposals to invest in the energy sector of Pakistan. He informed the delegation that the Prime Minister was very keen to improve the energy sector, given the current prevailing energy crisis in the country. The company also intends to sign an MOU with the Board of Investment, which is under process.
Later, Mandviwalla along with the delegation called on the Prime Minister, where the company representatives apprised the PM about their planned power plant project in Quetta. Also they suggested various proposals, like the conversion of the diesel generated pumps to solar energy for irrigation purposes. The PM appreciated their investment plans and ensured the full support and cooperation of the government in these projects.