Zonergy, BOP to further cooperate on financing Renewable Energy projects in Pakistan

Islamabad: Inverterand energy storage solutions provider Zonergy and Bank of Punjab (BOP) discussed opportunities to advance cooperation at a meeting between the leaders of the two sides.The meeting, held between Mr. Guo Jun, president of Zonergy, and Mr. Zafar Masud, Chairman of BOP, was aimed at strengthening cooperation to build a renewable energy ecosystem.

Mr. Guo thanked Mr. Zafar Masud for his warm reception, and briefly introduced the history, market layout and performance highlights of Zonergy Corporation. Mr. Guo said that Zonergy has been deeply involved in the Pakistani market for many years.

The company’s 3*100 MW ground-mounted solar power plant commissioned in July 2016 in Punjab Province with an annual power generation of over 500 million kWh has become the largest Independent Power Producer (IPP) in solar power generation in Pakistan.

The company also provides customized integrated solar power storage solutions for residential and C&I customers in Pakistan.At present, the company has opened 73 flagship stores across Pakistan, providing one-stop services, including equipment sales, project design, project execution, etc. A number of distributed C&I solar storage projects developed by Zonergy have been connected to the grid.

Mr. Zafar Masud warmly welcomed Mr. Guo and the Zonergy delegation. He said that Zonergy has extensive market presence and project experience in Pakistan. Over the years, Zonergy has delivered solar projects for large enterprises, SMEs and residential users.

At the meeting, the two sides had detailed discussions on financing renewable energy projects and decided to work together to provide Pakistan with better energy services.Other senior officials from BOP have also attended the meeting, including Head of Investment Banking Umar Khan, Head of Corporate Banking Asim Jahangir Seth, Head of Project Finance and Infrastructure Consulting Naeem Javaid.

Vice President of Zonergy Corporation Xu Hongchang and Deputy Director of Financing Department Chen Tao have attended the meeting.