Germany to help Pakistan increase renewable energy share

Published: July 18, 2018
Email
The minister emphasised that he would take every possible step to take advantage of clean, affordable, reliable and sustainable renewable energy resources in the country.

PHOTO:REUTERS

The minister emphasised that he would take every possible step to take advantage of clean, affordable, reliable and sustainable renewable energy resources in the country. PHOTO:REUTERS

ISLAMABAD: Pakistan and Germany have signed a memorandum of understanding (MoU) for establishing a renewable energy platform which is expected to solidify Islamabad’s efforts aimed at capitalising on the available potential for clean and green energy.

Federal Minister for Energy Syed Ali Zafar, German Ambassador Martin Kobler and Power Division Secretary Rizwan Memon were present on the occasion.

Highlighting its importance, the energy minister said, “this Renewable Energy Forum will serve as a hub for renewable energy and energy-efficient business networking, customer outreach and business development in Pakistan and Germany.”

Sustainable energy initiatives: UNIDO holds two-day training course

He voiced hope that the available potential in Pakistan and global developments in the sector would definitely play a vital role in ensuring sustainable, clean and affordable energy to consumers.

“Pakistan government, in its thrust to have a large share in alternative and renewable energy, intends to get benefit from experiences of developed nations,” he said. “Since Germany is one of those developed countries that have exploited renewable power on a large scale, its experience, expertise and developments in this sector are of particular interest for Pakistan.”

The minister emphasised that he would take every possible step to take advantage of clean, affordable, reliable and sustainable renewable energy resources in the country.

“Renewable energy is the most promising option to meet the increasing energy demand without damaging economic conditions in the country and at the same time reducing carbon emissions that, in turn, result in managing global climate change,” he added.

Pakistan seeks Danish investment in renewable energy

The German ambassador, in his speech, appreciated endeavours of the relevant ministries and departments in turning the dream of establishing the Renewable Energy Forum into reality. “Though its establishment took more than three years, we see this as an opportunity for expanding the energy mix portfolio of Pakistan by integrating a larger share of renewable power and bringing more private-sector investment to this sector,” he said.

Published in The Express Tribune, July 18th, 2018.

Like Business on Facebook, follow @TribuneBiz on Twitter to stay informed and join in the conversation.

Facebook Conversations

More in Business