ISLAMABAD: Pakistan has awarded $1.5 billion contract for its largest solar power project of 900MW in Bahawalpur to a Chinese company which has the biggest solar power plant of only 170MW back home.
After concluding a final round of meetings with Prime Minister Nawaz Sharif and Water and Power Minister Khawaja Mohammad Asif on Wednesday, Zonergy Company Ltd President Yu Yong told journalists that his company had a total portfolio of 1,200MW of solar plants in China and the largest one was 170MW plant in Xinjiang.
He said the company had an association of over 17 years with Pakistan. Previously, it had been engaged in telecommunication sector through another company ZTE since 1998.
He explained that Zonergy was not a subsidiary of the ZTE, but one of the largest shareholders in the ZTE was also the largest shareholder in Zonergy.