Alternative energy: President seeks foreign investment

Published: October 25, 2012
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President Zardari said the government accorded the highest priority to facilitating business ventures in this sector.  PHOTO: FILE

President Zardari said the government accorded the highest priority to facilitating business ventures in this sector. PHOTO: FILE

ISLAMABAD: 

President Asif Ali Zardari directed international investors’ attention to opportunities available in Pakistan’s alternative energy sector saying the country offers 17% “return on investment” for renewable energy projects which, according to him, is among the highest in the world.

“Abundant sunlight and wind corridors offer great opportunities to investors for harnessing these clean and efficient energy sources,” he was quoted as telling a delegation from DACC Power Generation Company, a subsidiary of US-based DACC Global, which offers alternate energy solutions internationally.

According to presidential spokesman Farhatullah Babar, the delegation, headed by DACC Global President Doug Melvin, appreciated the interest other companies have shown in Pakistan’s alternative energy sector.

Observing that the energy shortage was among the major challenges the country currently faces, President Zardari said the government accorded the highest priority to facilitating business ventures in this sector.  He added that the government was committed to promoting alternative energy in order to reduce dependency on conventional modes for producing energy.

Published in The Express Tribune, October 25th, 2012.

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Reader Comments (2)

  • umair
    Oct 25, 2012 - 11:43AM

    alternative energy or alternative mode of commission???
    And now he remembers that the country has an energy crisis after “thand program” of 4.5 years!!!

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  • bhuuurt
    Oct 25, 2012 - 11:43AM

    this is the only way out at this moment

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