Lahore, December 12, 2022 (PPI-OT):An investors delegation led by Mr. Carsten Wenske, CEO of German firm Innovative Techno Plus, met with Chief Minister Punjab Chaudhry Parvez Elahi at his office and expressed willingness to set up a waste-to-energy project in Lahore and also expressed interest in investing in solar panel manufacturing.
The CM opined that cheap electricity will be provided by the waste-to-energy project and added that the Punjab cabinet has already approved the expression of interest for the project. The generated electricity will be directly supplied to industrial estates and the project will be taken forward on a fast track, he said.
The production cost of the electricity obtained from the waste-to-energy project will decrease by more than 50%; the CM added and regretted that criminal negligence was committed during the PML-N tenure by not paying attention to the waste-to-energy projects. It has also been decided to convert the street lights system to solar power under a private partnership mode.
The commissioner’s office, sports grounds and other institutions will also be converted to solar energy and a transmission and Distribution Company will be established for the transmission of electricity in Punjab, the CM stated. The expats delegation included Muhammad Asif, Abdul Jabbar, Anjum Munir and Tanvir Shah. Sajid Bhatti MPA, Principal Secretary Muhammad Khan Bhatti, secretary local government, secretary energy, secretary industries, CEO Lahore Waste Management Company and others were also present.
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