$3m pro­gram launched for clean en­ergy gen­er­a­tion

The Pak Banker - - NATIONAL -

A US$ 3 mil­lion mul­ti­a­gency tech­ni­cal as­sis­tance pro­gram has been launched to sup­port en­ergy de­vel­op­ment ef­forts in Pak­istan es­pe­cially in the clean en­ergy gen­er­a­tion.

In this re­gard, the US Depart­ment of En­ergy has joined Pak­istan's Min­istry of Plan­ning, De­vel­op­ment, and Re­form, the Min­istry Wa­ter and Power, and the Min­istry of Pe­tro­leum and Nat­u­ral Re­sources to pro­gram. The three-year Pro­gram will bring ex­perts from the Depart­ment of En­ergy na­tional lab­o­ra­to­ries to­gether with Pak­istani ex­perts to de­velop strate­gies and re­sources for in­te­grated en­ergy plan­ning, en­ergy ef­fi­ciency, and pro­mot­ing pri­vate in­vest­ment in re­new­able en­ergy and in­te­gra­tion.

As­sis­tant Sec­re­tary, US Depart­ment of En­ergy, Jonathan Elkind said, "The United States is com­mit­ted to our part­ner­ship with Pak­istan. We are ad­dress­ing en­ergy chal­lenges and work­ing to­gether on our shared global en­ergy pri­or­i­ties, in­clud­ing the op­por­tu­ni­ties pre­sented by a grow­ing re­new­able en­ergy mar­ket." "We look for­ward to hav­ing Amer­i­can and Pak­istani ex­perts col­lab­o­rate in this crit­i­cal arena," he said. Ac­cord­ing to a press state­ment is­sued here, the Pro­gram is a mile­stone in the US-Pak­istan Clean En­ergy Part­ner­ship, an­nounced by Pres­i­dent Obama and Prime Min­is­ter Sharif in Oc­to­ber 2015.

The part­ner­ship aims to de­velop 3,000 megawatts of new pri­vate sec­tor in­vest­ments in Pak­istan in clean en­ergy gen­er­a­tion, di­rectly ben­e­fit­ting more than 30 mil­lion Pak­ista­nis. The new part­ner­ship con­tin­ues on­go­ing joint ef­forts by the United States and Pak­istan to ad­dress Pak­istan's en­ergy needs, and is part of broader en­ergy as­sis­tance that in­cludes sup­port from USAID, the Depart­ment of State, and the Depart­ment of En­ergy.

The United States and Pak­istan have co­op­er­ated on en­ergy is­sues since 2009 un­der the En­ergy Work­ing Group es­tab­lished through the U.S.Pak­istan Strate­gic Di­a­logue. Rec­og­niz­ing the crit­i­cal im­por­tance of in­creas­ing en­ergy se­cu­rity and ac­cess in a clean, sus­tain­able man­ner, the United States has com­mit­ted more than $1 bil­lion to date to sup­port en­ergy sec­tor in­vest­ments and re­forms in co­op­er­a­tion with the govern­ment of Pak­istan. Our co­op­er­a­tive ef­forts have made al­most 1,700 ad­di­tional megawatts avail­able to the na­tional grid, pow­er­ing the homes and busi­nesses of nearly 19 mil­lion Pak­ista­nis and in­creas­ing the an­nual rev­enue of Pak­istani dis­tri­bu­tion com­pa­nies by over $300 mil­lion.

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