Renewable energy policy to attract investment

Envoy says cost of power supply from Turkmenistan will be affordable

Envoy says cost of power supply from Turkmenistan will be affordable. PHOTO: FILE

ISLAMABAD: Pakistan has embarked on investor-friendly policies in all sectors, which has resulted in an increase in foreign investment in the country, said Federal Minister for Power Omer Ayub Khan.

In a meeting with Turkmenistan Ambassador to Pakistan Atadjan Movlamov, the minister discussed matters relating to mutual cooperation, especially in the field of energy.

The minister told the ambassador that the energy sector was one of the prime investment destinations since the electricity consumption pattern was fast changing along with broadening of economic base in the country.

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He pointed out that a new renewable energy policy was in the offing, which was bound to attract huge investment in the sector.

The ambassador said investors in Turkmenistan were closely following developments in Pakistan and were keen to invest in various flourishing sectors. “Turkmenistan has also proposed electricity export to Pakistan through a transmission line via Afghanistan, besides the TAPI gas pipeline,” he said.

“Since the price of electricity supply from Turkmenistan is highly affordable, it will benefit Pakistan in many ways,” he added.

Published in The Express Tribune, March 6th, 2019.

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