A project to generate 2,300MW of electricity through wind turbines and solar panels has turned out to be the most important agreement reached with China during the recent visit of Premier Wen Jiabao, says Board of Investment (BoI) chairman Saleem H. Mandviwala.Briefing the media on the outcome of the Pakistan-China Business Cooperation Summit,
he said the project would involve an investment of $6.5 billion and wind power projects of 1,000MW each would be set up in Punjab and Sindh. A 200MW solar power project would be set up in Punjab and another of 100MW in Sindh.
Mr Mandviwala said the agreement signed between the China International Water and Electric Corporation and the Alternate Energy Development Board would also involve transfer of technology and China would assist Pakistan in manufacturing solar panels and turbines.
He said the summit had worked out 22 memorandums of understanding (MoUs) in different sectors, including wind power generation, solar energy, mining, trade, textile, engineering goods, automobile, electronics and chemicals, but 18 MoUs were signed and the remaining four would be taken up in the near future when the BoI would hold another