January 18, 2019 (MLN): The Power Division is working on establishing renewable energy policies to harness the immense potential in solar, wind and hydel resources, existing in Pakistan.
In a meeting with Chinese Ambassador HE. Mr. Yao Jing yesterday, Federal Minister for Power Mr. Omar Ayub stated that the Power Division is considering to increase the share of renewable energy in the overall energy mix to 20% till the year 2025 from the existing 4% and to 30% till year 2030 to attract maximum investment.
He said that Power Division is extending all out support to the Chinese and other investors in the power sector and their various issues are being resolved on priority basis.
While talking about huge investment potential in the solar panel market, smart meters and other distribution and transmission system equipment including anti fog insulators in Pakistan, the Federal Minister said that Chinese investors can take full benefit of these opportunities.
The Chinese Ambassador while reiterating China’s commitment to further boost the existing ties between the two countries said that Power Sector has been the prime and most important part of CPEC.
He said that Chinese investors are closely following Pakistan’s power sector policies and are keen to invest in the renewable energy.
