US inaugurates 'Cleantech Investment Roadshow' in Karachi

Fourteen innovative companies showcased clean energy solutions to attract private sector investment in the US

Our Correspondent May 22, 2024

The United States Ambassador to Pakistan Donald Blome inaugurated on Wednesday the second Investment Roadshow, supported by USAID, where fourteen innovative clean technology companies showcased their work to promote private sector investment in sustainable energy solutions.

Organized by the USAID-funded Pakistan Private Sector Energy (PPSE) Project, the event aimed to catalyze investment in commercially viable clean energy projects and help businesses access critical financing, said a statement from the US embassy.

So far, PPSE has mobilized over $30 million for projects focused on clean energy, e-mobility, and energy efficiency.

"Expanding clean energy requires a supportive environment, which is why the United States continues to work with Pakistan on developing a stronger investment climate,” said Ambassador Blome.

“Investing in clean energy and low-carbon technologies is crucial for Pakistan to achieve its renewable energy goals."

Sindh Secretary for Environment, Climate Change, and Coastal Affairs, Dr. Nabeela Umer, echoed Ambassador Blome's remarks, emphasizing the importance of US support for Pakistan’s energy transition.

"We wholeheartedly welcome the efforts by the United States to support our energy sector transition," she said.

"This roadshow is a vital platform for showcasing the critical need for increased investment in scaling up clean energy companies," she added.

"We are grateful to the organizers for uniting the government, private sector, and financiers to highlight the innovative work companies in Pakistan are doing to reduce emissions."

The fourteen participating companies presented prototype models and pitched their innovative solutions to a diverse group of investors and financiers.


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