RenuEn Corporation announced that the company has secured a 50 MGW Solar project in Pakistan through its pending acquisition of Team Energy Inc. The project will be managed by a foreign operating subsidiary, which is also joining RenuEn upon closing of the acquisition. The Power Purchase Agreement (PPA) is guaranteed by the Government of Pakistan and is for 25 years. For their management in the project, the Company will realize income throughout the duration of the PPA. The projected installed cost is $200 million, and the company will be choosing its construction partner soon. Government of Pakistan shall be the power purchaser. Project meets all of the criteria for MIGA investment guaranty coverage. MIGA is a division of the World Bank.