Omer Ayub Khan—the Federal Minister for Power has warmly greeted the Danish investors for their undeniable commitment towards taking part in the bidding process for the Renewable Energy Projects which the current government was intending to do in the 3rd or 4th quarter of the present year after the approval of the Renewable Energy Policy.
The minister received a delegation of the Danish Renewable Energy investors, which was headed by the Danish Ambassador to Pakistan—Rolf Michael Hay Pereira Holmobe and held a meeting. The meeting attendees were Nadeem Babar—the chairman PM’s task force, as per a press release.
The delegation was briefed by the power minister about the upcoming Renewable Energy Policy of Pakistan which is focused at making agreements on the affordable energy projects at an extensive scale for increasing its share in the overall energy combination to 20 percent by the year 2025 and 30 percent by 2030 from the current 4 percent.
He added that the power division was also doing work on the proposal for the clearance of Renewable Energy projects which are delayed owing to the decisions of the previous governments for gaining the confidence of the investors in the sector.
The minister also informed that the government was working on the opening of Power Sector as a multi-buyer and multi-seller market which would be providing large investment opportunities throughout all the areas.
He further informed that the government policy is based on 3 principles, which includes the affordability, security and availability of energy.
The Danish ambassador also expressed his utmost satisfaction with the plans of the government and said that the Danish investors were closely tailing the progressing division of Pakistan.
He also said that the Danish firms would be taking part in the Renewable Energy projects’ bidding process as the technologies of Danish are amongst the best in the world in this sector.