Inverter and energy storage solutions provider Zonergy and Bank of Punjab (BOP) discussed opportunities to advance cooperation on financing renewable energy projects in Pakistan.
The meeting held between President Zonergy Guo Jun and the Chairman of BOP Zafar Masud was aimed at strengthening cooperation to build a renewable energy ecosystem in Pakistan.
Guo Jun briefly introduced the history, market layout and performance highlights of Zonergy Corporation. He said Zonergy had been deeply involved in the Pakistani market for many years.
The company’s 3100 MW ground-mounted solar power plant commissioned in July 2016 in Punjab with an annual power generation of over 500 million kWh has become the largest Independent Power Producer (IPP) in solar power generation in the country.
The company also provides customized integrated solar power storage solutions for residential and C&I customers in Pakistan. It 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.
Chairman BOP Zafar Masud warmly welcomed the Zonergy delegation. He said that Zonergy has extensive market presence and project experience in Pakistan. Over the years, it 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 also attended the meeting, including Head of Investment Banking Umar Khan, Head of Corporate Banking Asim Jahangir Seth, and Head of Project Finance and Infrastructure Consulting Naeem Javaid.
Vice President of Zonergy Corporation Xu Hongchang and Deputy Director of Financing Department Chen Tao attended the meeting.