The largest crystalline silicon photovoltaic (PV) module manufacturer in the world, Suntech Power Holding, has announced that it has signed a memorandum of understanding (MOU) with Pakistan's Alternative Energy Development Board (AEDB) as a means to help Pakistan fill its energy shortage and as a step towards making the use of solar energy technologies more widespread.

Suntech, the public sector and private companies in Pakistan need to collaborate in order to implement solar programs like the AEDB Rural Electrification Program, and this is what the MOU is working towards.

Dr. Zhengrong Shi, Suntech's Chairman and CEO said, "We are proud to collaborate with the Alternative Energy Development Board to bring the latest in crystalline silicon solar technology to Pakistan. This is a clear example of the promise of solar energy in meeting growing demands for electricity in the developing world in an environmentally friendly way. With rapid improvements in solar energy technology and operational efficiency, solar energy is establishing itself as a crucial, cost-competitive part of the global energy mix."

The agreement was set upon the principle of both parties in concern with the project and activities related to it; the MOU plays the role of setting it forth. Both parties can negotiate the final agreement and it is to be executed among the parties.