Tan­veer in­au­gu­rates 1MW so­lar power pro­ject

The Pak Banker - - NATIONAL -

Fed­eral Min­is­ter for De­fence Pro­duc­tion Rana Tan­veer Hus­sain Tues­day in­au­gu­rated a one-megawatt cap­tive mode so­lar power pro­ject at the Wah No­bel Chem­i­cals Lim­ited, a divi­sion of Pak­istan Ord­nance Fac­to­ries (POF).

The min­is­ter un­veiled the plaque along with Sec­re­tary De­fence Pro­duc­tion Lt Gen (R) Syed Muham­mad Owais, POF Board Chair­man Lt Gen Umer Mehmood Hayat, Chief Ex­ec­u­tive Al­ter­na­tive En­ergy De­vel­op­ment Board Am­jad Ali Awan, CEO No­bel Group Brig (r) Shi­raz Ul­lah Chaudhry, Di­rec­tor Gen­eral Fron­tier Works Or­ga­ni­za­tion (FWO) Ma­jor Gen­eral Muham­mad Afzal, Chair­man Pak­istan Aero­nau­ti­cal Com­plex (PAC) Kamra Air Mar­shal Javaid Ahmed and Di­rec­tor Gen­eral De­fence Ex­port Pro­mo­tion Or­ga­ni­za­tion (DEPO) Maj Gen Agha Ma­sood Akram. The No­bel Group has com­pleted the pro­ject in col­lab­o­ra­tion with a pri­vate sec­tor com­pany, Reon En­ergy So­lu­tions.

Un­der the pro­ject, com­pleted in a four­month pe­riod at a cost of around $1.5 mil­lion, the Wah No­bel Chem­i­cals Fac­tory will use the so­lar power in its day­time shift and save ap­prox­i­mately Rs 24.5 mil­lion an­nu­ally on ac­count of elec­tric­ity ex­penses. Later, ad­dress­ing the par­tic­i­pants of the in­au­gu­ral cer­e­mony, the min­is­ter termed the pro­ject a `land­mark' achieve­ment and a mile­stone to­wards at­tain­ing self-suf­fi­ciency in en­ergy sec­tor by tap­ping the so­lar power.

"The pro­ject will be a cat­a­lyst for in­dus­trial and cor­po­rate sec­tor to tap the coun­try so­lar power po­ten­tial. It will prove to be a land­mark in the his­tory of Cap­tive So­lar Projects." The min­is­ter said march to­wards pros­per­ity, re­vival of econ­omy, growth of gross do­mes­tic prod­uct (GDP), cre­ation of job op­por­tu­ni­ties and poverty al­le­vi­a­tion could only be en­sured through in­dus­tri­al­iza­tion and ini­ti­a­tion of mega in­fras­truc­tural pro­ject.

"De­vel­op­ment and in­dus­tri­al­iza­tion is the vi­sion and cor­ner stone of the govern­ment pol­icy and the same is be­ing pur­sued vig­or­ously," he re­marked. Pak­istan, he said, was lag­ging far be­hind in the global en­ergy race for re­new­able tech­nol­ogy and stressed the need to take ben­e­fit of plenty of sun­light for pro­duc­ing en­ergy.

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