Pakistan emphasizes use of indigenous renewable energy resources: Hammad

ISLAMABAD, December 9 (APP): Energy Minister Muhammad Hammad Azhar said on Thursday that Pakistan is emphasizing the use of indigenous, renewable and environmentally clean energy production resources. He expressed these views in a meeting with Ms. Stephanie von Friedeburg, senior vice president of operations at the International Finance Corporation (IFC), a press release said.

While highlighting the initiatives taken in the electricity sector, the Minister informed that Pakistan is striving to increase the share of renewables in the national grid and move from a single buyer’s market to a market electricity as a whole, which would encourage private sector participation and investment in the Energy Sector.

In this regard, the energy curling policy was in the final stages, he said. He said Pakistan has designed an energy policy to achieve the goals of energy security, affordable electricity, universal availability, environmental protection, sustainable development, social equity and climate change mitigation.

He added that the government planned to increase the capacity of the transmission system from 24,000 MW to 30,000 MW over the next two years.

Head of delegation Staphanie von Friedeburg cited that Pakistan has made great strides in power sector reforms and assured that IFC will continue its technical and financial support to complete ongoing projects and to to come.