Zorlu Enerji Elektrik Uretim : 27.1.2017 - Zorlu Energy does not slow down its investments in Pakistan.

27.01.2017

Zorlu Energy, one of the Turkey's biggest companies to invest in renewable energy, adds 100-MW solar park to its solar energy investments with a signing ceremony that will take place in Lahore, Pakistan. Zorlu Energy's overseas and total installed power capacity will reach 447 MW and 1147 MW, respectively, with this investment, which is the first and largest renewable energy application to have been accepted by the Pakistani government within the past three years.

'We are leading the development of renewable energy in Pakistan while increasing Turkey's power in the region'

Sinan Ak, Zorlu Energy Group's President,made the following remarks regarding the development: 'Pakistan has a special place for us as a friendly country because it is the country where we made our first renewable energy investment abroad. We are happy to make a fresh start in solar energy as a company that has made significant investments in renewable energy in Pakistan, which has a high energy demand. Today we are adding solar to the wind power plant we commissioned in the recent years. We are working intensively to undertake special investments in different areas, including especially wind and solar. Every step we take in energy cooperation reduces Pakistan's external dependency in energy while Turkey gets closer to its growth target in the region. The efforts in the field of energy consolidates the historic friendship between the two countries further with every agreement. We will continue to invest in Pakistan, and there is a long way to go. We are planning to reach our growth target by increasing our group's commercial strength and Turkey's power in the region. In this respect I wish that the Quaid-e-Azam Solar Park will be beneficial for both countries'

Speaking at the signing ceremony, Chief Minister of the Punjab province Shehbaz Sharif stated that the project, which was to be completed within 6 months, aimed to reduce Pakistan's external dependence in energy and said'This project between Turkey and Pakistan is of great importance for us as Turkey's second energy investment.'

The 56-MW Jhimpir Wind Power Plant, which was implemented by Zorlu Energy in 2013 as part of its previous investments in Pakistan, was deemed worthy of the Gold Standard award. The Jhimpir Wind Power Plant contributes to reducing the country's external dependence considerably in addition to being Pakistan's first wind power plant. The power plant, which is a reference in the world energy market, produces 159 million kWh of electricity per year operating to illuminate 350,000 households annually for the next 20 years.