US company signs $50 million water and solar power deal with Pakistan
US company WorldWater is to supply Pakistan with up to US $50 million-worth of solar powered pumping and electrical systems.
The contract will initially supply the equipment to the rural area of Balochistan.
The Pakistani Government hopes the renewable energy sector to help reduce the country’s reliance on imported crude oil and will help farmers to be less dependent on the national power grid.
The operation should begin in September, when Worldwater field teams will have had the opportunity to study the hydrogeological documentation of the areas to be developed and to establish on-site data of the availability, depth and quality of the area groundwater supply.
Worldwater’s solar powered pumps can supply as much as 8,327 litres/min of irrigation water from rivers, streams or dams, and drinking/household water from depths of several hundred feet.
WorldWater expects to implement an assembly and manufacturing plant in Pakistan to build its solar modules and electronic controls to power the water pumps and electric accessories.
Once domestic product volume requirements are met the Pakistani plant operation, which will be majority-owned by Pakistani investors, will begin to export its product through South Asia, the Middle East and Africa.
Pakistani owned investment institutions have committed to supply the funding for the full US $50 million programme.