Completion of the second stage of the sun2roof project expected for March

Lahore, Pakistan. The meeco Group together with its joint venture, oursun Solar Power Ltd., has pursued a promising partnership with the packaging company Packages Limited. The two companies have concluded a Power Purchase Agreement (PPA) contract for the realisa tion of a 3 MWp sun2roof installation in 2014. The first 293 kWp out of the 3 MWp of the sun2roof project have already been installed and connected by early 2015 with the remainder being executed according to the plan.

Packages Limited was founded in 1956 as a joint venture between the Ali Group of Pakistan and Akerlund & Rausing of Sweden, with the aim of converting paper into packaging for the consumer industry. Nowadays, Packages has become a major player and a pioneer in premium packaging solutions in Pakistan. The company has maintained strong relationships with its key customers for over 50 years, delivering always innovative, sustainable and superior quality products through its strong technological competence.

oursun Solar Power Ltd. endeavours to make its Pakistani business clients more independent from the national energy market and add safeguards towards the unreliability of the grid, thanks to the installation of reliable solar power facilites. The meeco Groups joint venture offers efficient and economical solutions in a country where the recent increases of electricity rates allow solar generated electricity to be below grid rates.

Syed Saad Zafar, CEO and Director of oursun Solar Power Ltd., who has first negotiated and executed this PPA with Packages Limited declared: "We are very glad to support Pakistan in its sustainable development and very proud for the successful completion of the second stage of the installation."

"The sun2roof project will see the installation of two further MWp by end of 2015. The 3MWp project is planned to be completed in the first quarter of 2016", revealed 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 370 MWp 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.