Karachi, 29 July 2019 – Modern Energy Management (MEM), a specialist in developing, building and operating investment grade renewable energy projects in emerging markets, announced that it has been appointed by a confidential investor to conduct technical and commercial due diligence on the acquisition of shares in a 50-MW wind project in Pakistan.
Pakistan has historically been a net importer of energy. However, the combination of rising oil prices along with rising demands for energy is creating opportunity in the renewable energy production markets for Pakistan to grow its energy infrastructure in a cost-effective manner that also includes social development and environmental conservation.
“We already had a relationship with the client as an Owner’s Representative,” stated Aaron Daniels, Managing Director of Modern Energy Management. “With our understanding of the Pakistan renewable energy market, we were able to introduce them to their first wind power project in Pakistan.”
“Modern Energy is more than a technical advisory firm,” continued Mr. Daniels. “We understand the needs of our clients and are in a unique position to help them grow their business. Our ability to actively manage risks to the successful completion of our projects is what allows us to develop long-term customers across different projects and continents. Often, many of these clients turn to us to help them expand into new emerging markets, which was the case in Pakistan.”
MEM provides project management, technical, and commercial advisory services to investors of wind and solar projects in the developing markets of South East and Central Asia.