The Punjab government has teamed up with the Chinese solar firm AIKO to establish a major solar panel manufacturing plant in the province. This partnership marks a significant advancement in Punjab’s commitment to increasing renewable energy production and boosting economic development.
The agreement was formalized by Chaudhry Shafay Hussain, Punjab’s Minister of Industries and Commerce, and Alex Heng, President of AIKO’s South Pacific Region. The Special Investment Facilitation Council (SIFC) played a key role in facilitating this deal, which is part of the Rising Pakistan initiative aimed at attracting international investment and promoting industrial growth.
The new solar panel facility will serve both local needs and international markets, positioning Punjab as a significant player in the solar energy field. This project is anticipated to generate jobs, lower energy expenses, and support the province’s goals for sustainable development.
In addition to the factory, Minister Hussain revealed plans to convert 7,000 tube wells in the region to solar energy. This initiative aims to lessen dependence on conventional energy sources and encourage the adoption of clean energy in agriculture.
The minister also indicated that the increasing interest from other foreign investors in similar initiatives reflects a growing confidence in Punjab’s investment environment. The partnership with AIKO could signal the onset of a significant influx of international investments into the province’s renewable energy sector in solar panel plants.
