Major Pakistan company to be provided with solar power

The meeco Group and Packages Limited bound by PPA contract

On February 18th Packages Limited, a pioneer packaging solutions provider in Pakistan, and oursun Solar Power Ltd. a subsidiary of The meeco Group closed a Power Purchase Agreement (PPA) amounting to a total initial capacity of 3 MWp, with a possibility to extend the installation's capacity up to 8 MWp in the near future. The solar installation will be built with tier one photovoltaic (PV) panels and tier one European inverters as per the standards established by The meeco Group for its global projects.


Within the PPA contract scheme, oursun Solar Power Ltd. will generate green energy, which it will sell to Packages Limited at a price fixed by the contract for the next 10 years to come. The system will ensure a constant and forecast able energy source during daily sunshine hours, enabling Packages Limited to rely on stable and predictable costs, thus reducing their dependency on an instable energy grid with rapidly increasing costs per kilowatt-hour.

"We are happy to be working with this leading and visionary company, and enabling them to be provided with green electricity thanks to a safe and stable energy source – the sun," explains Syed Saad Zafar, CEO of oursun Solar Power Ltd., who has negotiated and executed this PPA with Packages Limited since November 2013. "Our partnership will allow Packages Limited to be energetically more autonomous, and therefore be able to produce independently from the energy grid's hazards", adds Mr. Zafar.

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 over 50 employees working 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

Featured Product

US Battery - Solar RE L16XC Renewable Energy Battery

US Battery - Solar RE L16XC Renewable Energy Battery

Our batteries have Xtreme thick plates with (XC Diamond Plate Technology) added to them. They have been designed for hours of heavy discharge each day, followed by a fast recharge during the daylight hours. Very few batteries can take the grueling deep discharge-recharge cycle every day for long periods of time. U.S. Battery has proven time and time again that our solar battery line can stand up to this type of battery torture day in and day out for years to come. When you demand reliable energy storage count on U.S. Battery every time!