Suntech (STP) Signs MOU To Work With Pakistan’s Alternative Energy Development Board

Suntech just announced that it has signed a memorandum of understanding (MOU) to work with Pakistan’s Alternative Energy Development Board to bring solar energy to Pakistan. Per the MOU, Suntech will work with both the public sector and private sector to make solar energy available across Pakistan. Projects include working with AEDB’s Rural Electrification Program to provide solar electricity to rural areas, developing Solar Power Pumping Systems with the cooperation of the AEDB and the World Bank, and developed solar powered telecommunication projects with Pakistani telecom companies.

In a company press release, Dr. Zhengrong Shi, Suntech’s Chairman and CEO, commented on the MOU:

“We are proud to collaborate with the Alternative Energy Development Board to bring the latest in crystalline silicon solar technology to Pakistan.” This is a clear example of the promise of solar energy in meeting growing demands for electricity in the developing world in an environmentally friendly way. With rapid improvements in solar energy technology and operational efficiency, solar energy is establishing itself as a crucial, cost-competitive part of the global energy mix.”

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