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Pak Oasis, PCRET sign deal for solar energy.

Summary: Pak Oasis Pvt Ltd and Pakistan Council for Renewable Energy Technology (Ministry of Science and Technology) signed an MoU for a joint venture for production of solar panels in Pakistan.

Pak Oasis Pvt Ltd and Pakistan Council for Renewable Energy Technology (Ministry of Science and Technology) signed an MoU for a joint venture for production of solar panels in Pakistan.

The venture is about working on an indigenous solution to promote Pakistani products and will require the technical skills of young engineers, thus creating massive job openings in all areas on an equal opportunity platform. Pak Oasis believes that their capable engineers will develop the latest and innovative solutions in this area and will be recognised as the best Pak Oasis engineers working in various parts of the world.

Commenting at the signing ceremony; Irshad Hussain, Chief Operating Officer, Pak Oasis, said: "Our company strives to operate in a manner that is friendly to the environment and is precautious of exhausting scarce natural resources such as the earth's fossil fuels. It is no secret that the use of fossil fuels is the leading cause of global warming and is damaging the world's environment irreversibly.

"Pak Oasis recognises the limited supply of oil left in the world and believes that millions can be saved in Pakistan's import bill by adopting alternate sources of energy in large scale operations, while excessively reducing the amount of carbon emissions. We plan on manufacturing about 500 to 1,000 solar panels per day and aim to generate 25 KW to 50 KW of solar power on a daily basis."

Khalid Islam, Director General, PCRET, was exceedingly optimistic of solar energy growing in Pakistan and commented: "I feel in today's time, energy self-sufficiency is exceedingly important for industrial development in any nation. Pakistan is a sun-friendly country and the sixth luckiest in the world where sun-availability is up to 16 hours on average."

-- business@khaleejtimes.com

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Publication:Khaleej Times (Dubai, United Arab Emirates)
Geographic Code:9PAKI
Date:Jun 4, 2013
Words:336
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