Govt alive to for­eign com­pa­nies’ con­tri­bu­tion to power sec­tor: Asif

Pakistan Observer - - ECONOMY WATCH -

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MIAN AR­SHAD ISLAMABAD—Min­is­ter for Wa­ter and Power, Khawaja Muham­mad Asif, Tues­day, ap­pre­ci­ated for­eign in­vestors’ im­por­tant role in en­ergy sec­tor in the coun­try. Talk­ing to Ital­ian, Ger­man and Ja­panese en­voys separately, he said that govern­ment was fully alive to the im­por­tance of for­eign com­pa­nies’ con­tri­bu­tion to mit­i­gate the en­ergy cri­sis in Pak­istan. In his meet­ing with Ital­ian Am­bas­sador, Ste­fano Pon­tecorvo, Khawaja Muham­mad Asif ap­prised him about the ef­forts be­ing made by the Govern­ment of Pak­istan in the en­ergy sec­tor. He said that de­spite se­vere heat in the Holy Month of Ra­mazan, the Min­istry of Wa­ter and Power is work­ing hard to pro­vide un­in­ter­rupted power sup­ply to the more than 90 per cent of the ur­ban and 85 per cent of the ru­ral do­mes­tic con­sumers dur­ing If­tar, Taraweh and Sehri timings.

Ap­pre­ci­at­ing the Ital­ian in­vestor’s role in the re­new­able en­ergy, the Fed­eral Min­is­ter for Wa­ter and Power also high­lighted the im­por­tance of off grid en­ergy so­lu­tion in the form of so­lar and wind en­ergy. He said that many ar­eas which are far flung have also the po­ten­tial to get en­ergy from so­lar pan­els. He said that Pak­istan is cog­nizant of the ex­per­tise of Italy in the re­new­able en­ergy re­sources and is as­pi­rant of tak­ing full advantage of th­ese ex­per­tises. The Ital­ian Am­bas­sador lauded role of the Min­istry of Wa­ter and Power and its or­ga­ni­za­tions for full fa­cil­i­tat­ing the Ital­ian in­vestors. He said that many Ital­ian com­pa­nies have shown in­ter­est in the en­ergy sec­tor of Pak­istan.

Dur­ing the meet­ing with Ger­man Am­bas­sador, Le­pel the Fed­eral Min­is­ter for Wa­ter and Power men­tioned the re­cent agree­ment be­tween At­las group and Siemons for set­ting up of 1000 MW gas based power pro­ject as great leap in the bi­lat­eral co­op­er­a­tion be­tween the two coun­tries. He said that the bi­lat­eral re­la­tions be­tween the two coun­ties are fur­ther strength­en­ing with each pass­ing year. He also of­fered the Ger­man side to in­vest in the off grid en­ergy so­lu­tion in Pak­istan. The Ger­man Am­bas­sador ap­pre­ci­ated the Min­istry of Wa­ter and Power for fa­cil­i­tat­ing the Ger­man in­vestors. While talk­ing to the Ja­panese Am­bas­sador, Takashi Ku­rai, Khawaja Muham­mad Asif said that Japan’s in­ter­na­tional co­op­er­a­tion Agency has been main de­vel­op­ment part­ner as­so­ci­ated with Min­istry of Wa­ter and Power in many of the power projects. He said that JAICA has been as­so­ci­ated with many im­por­tant power sec­tor projects which in­clude dig­i­tal­i­sa­tion of data, fea­si­bil­ity stud­ies of coal projects.

The Min­is­ter said that Pak­istan and Japan en­joy friendly and cor­dial re­la­tions and the multi di­men­sional co­op­er­a­tion be­tween the two coun­ties has been strength of the deep re­la­tions be­tween the two coun­tries. He said that a lot of Pak­ista­nis lives in Japan in con­nec­tion with old car busi­ness. The Ja­panese Am­bas­sador ex­pressed sat­is­fac­tion over the cur­rent co­op­er­a­tion be­tween the two coun­ties. He said that Ja­panese com­pa­nies are in­ter­ested in the Lakhra coal projects. He said that th­ese com­pa­nies will par­tic­i­pate in the process.

ISLAMABAD: Res­i­dent Rep­re­sen­ta­tive of IMF, Tokhir Mir­zoev calls on Min­is­ter State and Chair­per­son BISP, MNA Marvi Me­mon at BISP Sec­re­tariat.

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