QUETTA: A memorandum of Understanding has been signed between Balochistan government and a Kuwaiti Investor Company "Ener Tech" in Quetta.
Provincial Energy Secretary Khaleeq Nazeer Kyani and Chief Executive of the Company Abdullah Almatari signed the memorandum, Radio Pakistan reported on Thursday.
The Ener Tech will install from 50 MWs to 500 MWs solar power generation plants under a phase wise program.
Meanwhile, a delegation of Ener Tech led by its Chief Executive Abdullah Almatari called on the Chief Minister Nawab Sanaullah Khan Zehri in Quetta.
During the meeting, the two sides discussed matters of bilateral interest. Talking on the occasion, Nawab Sanaullah Khan Zehri said that the government wants promotion of foreign investment in various sectors including Solar Energy sector and for this purpose, a comprehensive policy has been chalked out to provide maximum facilities to foreign investors.
Ener Tech chief executive, Abdullah Almatari said that the there are vast prospects of making investment in energy, Live stocks and various sectors in Balochistan and Ener Tech wants t make investment in these sectors.
-
US businesses hit by soaring wholesale inflation as fuel prices climb -
'Robots are the Future': British tech firm Humanoid targets US IPO by 2030 -
Iran war could cost US taxpayers $1 trillion, expert warns -
Alibaba shares fall after sharp decline in core profitability -
Nebius revenue surges as AI cloud demand fuels rapid growth -
Walmart eliminates 1000 roles amid digital transformation plans -
Musk and Huang join Trump’s China mission: Inside the high-stakes tech delegation explained -
Inflation in America reaches highest level since 2023 amid energy price surge
