Pakistan, July 3 -- K-Solar (Private) Limited, a wholly owned subsidiary of K-Electric's investment arm KE Ventures Company (Pvt) Limited, and Mingyang Smart Energy Group Limited, one of the world's largest wind turbine manufacturer and a major global supplier of utility-scale and industrial Battery Energy Storage Systems (BESS), have signed an agreement to bring Mingyang's solutions to the local industry in Pakistan.

Under the memorandum of understanding (MoU), K-Solar and Mingyang will partner to market, supply and finance wind power projects and BESS for grids and commercial and industrial sectors in Pakistan - while also laying the groundwork for a BESS assembly plant in the country. The two companies will follow up this MoU with a f...