Competitive solar energy through power purchase agreements (PPA)

meeco provides clean power investment without any upfront costs

Companies and private consumers in many regions worldwide have to cope with an unstable or highly expensive energy supply due to the unreliability of the grid or even the total absence of such a power supply. This involves, especially for companies and industries, a heavy disadvantage in terms of competitiveness on the global market. Paused production lines in manufacturing industries, interrupted cold chains in food factories or electrical breakdowns in office buildings are just a few examples how power cuts can cause substantial losses for the commercial sector and constitute a serious threat to their commercial success accordingly. Many companies rely on a diesel-based energy supply and suffer from high and unpredictable fuel and maintenance costs. Utilising solar (photovoltaic) technology is much more eco-friendly and cost-effective. The contractual framework of a power purchase agreement (PPA) offers all advantages of clean energy to long term predictable low prices with limited or no upfront capital expenditure (CAPEX) costs for the company.

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Solar energy as a reliable source for improving education

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Leading Pakistani university, LUMS uses sun2live rooftop installation to power its campus

Given the severity of the energy shortage in Pakistan, crippling the development of the country, the Lahore University of Management Sciences (LUMS) decided to forgo its fuel cost for its gas/diesel gensets and move to long-term sustainability by making use of solar power. In early 2013, LUMS started considering a long-term, sustainable strategy to tackle the electricity crisis and therefore called upon The meeco Group to work together for the development of electricity generation capacity and the implementation of renewable energy solutions. Within that year a first 51 kwp sun2roof installation was executed as proof of concept.

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Pakistan: Ideal market for solar energy

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Pakistan is highly dependent on fossil fuels with energy sources from oil at 15% and from gas reaching 50%. But the existing natural resources do not satisfy the energy needs of Pakistan. One third of Pakistan’s energy needs are met through imports, which increase the country’s energy bill. The lack of alternative energies is one of Pakistan´s main problems. The energy shortfall has reached 7,000 MW and will increase in the coming years since demand keeps climbs year on year.

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500 kWP Photovoltaic project with Khatoon Industries

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Khatoon Industries and The meeco Group towards a jointly green development in Pakistan

Lahore, Pakistan. Khatoon Industries and oursun Solar Power Ltd., a subsidiary joint venture company from The meeco Group and two Pakistani business professionals, concluded a Power Purchase Agreement (PPA) for a photovoltaic sun2roof installation of 500kwp that will produce annually up to 825.000 kwh of renewable, carbon free energy; 200 kWp will be installed during the first phase of the project in August and September 2014 followed by additional 300kwp later this year in a second phase. Not only the rooftop of the production facility of Khatoon Industries but also a part of its factory site itself will be used to erect the installation and meet the capacity requirements.

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Strategic partnership with LUMS towards photovoltaic performance optimization

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Caption: Syed Saad Zafar (left) and Prof. Dr. S. Sohail H. Naqvi (right)

300 kWp PPA project with joint monitoring between LUMS and meeco

Lahore, Pakistan. After the successful sun2live installation set up on the rooftop of Lahore University of Management Sciences (LUMS) in 2013, The meeco Group, through its Group company oursun Solar Power Limited, and LUMS pursue their cooperation by concluding another Power Purchase Agreement (PPA) amounting to 300 kWp.

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PPA agreement between The meeco Group and Nishat Group

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Emporium shopping mall in Lahore to be equipped with 2,0 MWp solar energy installation

Lahore, Pakistan. 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).

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First sun2live PPA roof-top installations in Pakistan started

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meeco extends its business presence in Pakistan with Seasons Foods and Supreme Farms

Lahore, Pakistan. In 2013 The meeco Group through its subsidiary oursun Solar Power Ltd. has concluded several projects under rental Power Purchase Agreements (”PPA”) with renowned clients in Pakistan. oursun Solar Power will develop, design, erect, own and maintain solar sun2live production facilities for a period of 10 years on the premises of the customer – either on existing roofs as sun2roof or ground-mounted – and provide the produced energy at a fixed rental rate to its clients.

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