ET Solar announces it has officially incorporated ET Solar Pakistan PLC, in Lahore, Pakistan, as it expands into Independent Power Producer (IPP) project construction in the country.
With this subsidiary, ET Solar now has the infrastructure in Pakistan to offer improved project development, EPC, O&M services, and technical and commercial support to local project developers, investors and other customers. ET Solar's services are available for MW-grade solar power plants, as well as residential & commercial rooftop projects.
ET Solar has been working in the Pakistani market for several years with solar project pipeline totaling 150MW, and has been proceeding its own 75MW project development program. By the end of this year, a total of 40MW projects will break ground. The company has commenced IPP project development with financing, EPC and O&M services for two plants in Pind Dadan Khan, one of 10MW and one of 11.5MW, with construction starting in December 2015.
In addition to its own strengths, ET Solar also has strong partnerships with local PV players in Pakistan, further supporting the company's EPC business there.
"Pakistan is one of the most important markets under China's One Belt and One Road initiative, we are committed to playing a significant role in developing PV projects in this market," said Dennis She, President and CEO of ET Solar. "We are pleased to be a part of Pakistan's growth to energy self-sufficiency using its rich resources of clean, renewable sunlight. ET Solar has shown its commitment by incorporating locally, working with Pakistani companies and setting large goals."