Pakistan’s government has set target to produce 20 percent of total energy from renewable sources by 2025 and 30 percent by the end of 2030.
This was revealed by Special Assistant to the Prime Minister for Petroleum Affairs (SAPM) Nadim Babar, during a meeting with the United Kingdom’s High Commissioner for Pakistan, Dr. Christian Turner, at the Petroleum Ministry on Thursday.
SAPM briefed the British official on structural reforms underway in the energy sector in light of the recently published renewable energy policy.
“Pakistan will have cleaner generation with an additional 30-40 percent share for hydropower generation,” he said.
Nadeem Babar also informed the envoy that the government is focusing on the production and assembly of wind turbines and solar panels for renewable energy projects in cooperation with foreign companies, and invited British companies to participate in these projects as well.
During the meeting, the UK High Commissioner told Government Advisor that UK companies have shown interest in investing in Pakistan’s energy sector, especially in grid solutions and distributed generation systems.
The ambassador also urged Pakistani companies to use a credit line of about $ 1.5 billion for export credits, which he said were still largely unused.
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