Chinese company to set up solar panels plant in Punjab

Lahore: An agreement was signed between the Punjab government and Chinese solar energy company AIKO to set up the first solar panels manufacturing plant in Punjab.

According to the agreement, the Chinese company will set up a solar panels manufacturing and assembling plant in Punjab.

Minister of Industries and Commerce Chaudhry Shafay Hussain and President of South Pacific Region of Chinese Company Alex Hang signed the agreement in a ceremony held at a local hotel.

CEO Centurain Energy company Faisal Javed, Officials of Chinese company and investors participated in large numbers.

Minister of Industry and Commerce Chaudhry Shafay Hussain while addressing the event said that the Chinese company AIKO will set up the first solar panels manufacturing factory in Punjab, which will make solar panels in Punjab and will supply these panels in the local market and export as well.

He said that India is producing solar panels and is also exporting solar panels worth a billion dollars every year.