Federal Minister for Energy, Omar Ayub Khan, chaired a meeting with the Danish technical energy team, along with the Ambassador of Denmark to Pakistan, Her Excellency Lis Rosenholm, at Power Division, in Islamabad today.
Special Assistant to Prime Minister on Power, Tabish Gauhar, and Secretary Power Division, Zafar Ali Bhutta, also attended the meeting.
During the meeting, both sides deliberated upon the findings and recommendations by the Danish Energy team on G2G(Government to Government)-collaboration between Denmark and Pakistan in the energy sector in view of the newly approved Alternative Energy Policy.
At the onset of the meeting, the Danish Technical team presented the report on technical support to Pakistan in the Renewable energy and Energy efficiency sectors and underscored the need for strategic energy cooperation between the two countries.
Omar Ayub, while acknowledging the lead role of Denmark in clean and green energy at the global level, said that Pakistan has embarked upon taping into the huge indigenous potential of renewable energy.
He said that Pakistan’s New Renewable Energy Policy would bring opportunities for investors due to the transparent policies of the current government.
The government had set an ambitious target to introduce 25 percent renewable energy by 2025 and 30 percent by end of 2030, including a 45 percent share of hydel power generation and 10 percent of nuclear energy into the energy mix of the country, he added.
Speaking at the virtual meeting, the Minister said that the incumbent government has a strong political commitment and innovative ways of expanding energy access, promoting renewable energy, and increasing energy efficiency to meet the growing needs of energy in the country.
The Minister also stressed the importance of joining hands-on projects like manufacturing of wind turbines and solar panels, reducing energy wastage, and enhancing the transmission capacity of the system.
A joint technical working group was formed, at the meeting, to develop TORs for G2G agreements focusing on energy audit and demand forecast in the country.
The Danish Ambassador, while appreciating the government’s commitment to refurbish the energy sector, said that the new policy is more transparent as it provides a level playing field for all.
She said that the G2G agreement would be based on equal partnership and the prime focus is to set up a joint energy group for exchange of experience at both policy and operational levels so both countries would establish long-term strategic collaboration in the energy sector.