Suntech Power Holdings Co. Ltd. has entered into a memorandum of understanding (MOU) with Pakistan's Alternative Energy Development Board (AEDB) to work toward the widespread use of solar energy technologies to meet the energy shortage in Pakistan.
The objective of the MOU is to facilitate cooperation between Suntech and the public sector and private companies in Pakistan to help implement solar programs, including the AEDB's Rural Electrification Program, the development of solar power pumping systems with the AEDB and the World Bank, and solar power telecom projects in collaboration with Pakistani telecom companies.
The MOU sets forth the agreement in principle of the parties concerning the project and related activities. Final agreement between the parties is subject to the negotiation and execution of definitive agreements among the parties.
SOURCE: Suntech Power Holdings Co. Ltd.