PPA agreement between The meeco Group and Nishat Group. Emporium shopping mall in Lahore to be equipped with 2,0 MWp solar energy installation - India Renewable Energy Consulting – Solar, Biomass, Wind, Cleantech
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PPA agreement between The meeco Group and Nishat Group. Emporium shopping mall in Lahore to be equipped with 2,0 MWp solar energy installation

Oursun Solar Power Ltd., a subsidiary joint venture company of the Swiss based meeco Group, and the Pakistani multinational Nishat Group have concluded an agreement for the supply of a total of up to 2,0 MWp of sun2roof solar energy installations for the future emporium mall in the framework of a Power Purchase Agreement (PPA). The mall will be located in the Trade & Finance Centre at Johar Town near the Expo Cent re in Lahore and will be the biggest custom-built shopping mall in the country covering a total area of 2,7 million square feet.

The construction of the mall has already commenced in 2013 and is expected to be completed in the fourth quarter of 2015. The installation of the sun2roof solar system is foreseen to be initiated in the third quarter of 2014 to be completed by the year end. The Emporium Mall will include 130 retail stores with high-end brand presence, a food court with 30 outlets/restaurants and a seating capacity of up to 2200 seats, a vast and spacious hyperstore (run by Carrefour), a multi-screen Cineplex, a 60000 square feet play zone, a 110-Room 4 star hotel with 4000 capacity banqueting halls, as well as an underground parking space for 2000 cars. The expected daily footfall would be 30000 to 40000 people.

Nishat Group is one of the largest private employers with 30 000 employees in Pakistan. With the Emporium mall, one of its biggest real estate development projects so far, the company chose to go for clean / renewable energy source through Oursun with The meeco Group. The installation will make use of high quality European components and is expected to produce 3850 MWh per year thus saving 331 tons of CO2 emissions.
“We are glad to cooperate with one of the biggest private companies in Pakistan and were chosen to contribute to such a considerable and ambitious project. We are confident that this will accelerate the business development and awareness of Oursun / The meeco Group in the renewable energy market in Pakistan and beyond the country. Furthermore, we are looking forward to further cooperation in a variety of projects with the Nishat Group in the near future”, stated the CEO of Oursun Solar Power Ltd.

About The meeco Group: The meeco Group was consolidated in 2000 and oriented its main focus towards the energy sector. With world headquarters located in Zug, Switzerland, the group currently has projects across 4 continents. Thanks to a structured but flexible approach based on its core competencies, meeco has delivered over 320 MW of clean, renewable energy solutions across four continents. The meeco Group accomplishes its mission by providing project developers, investors, governments, and private businesses with the services necessary for timely financing, installation, and operation of clean energy assets.

For further information visit: www.meeco.net

Press contact: Edwin Seifert, Telephone: +49 – 351 – 316 05 15, E-Mail: info@meeco.net

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