Awais invites French companies to explore fast growing power sector
Minister for Power Division, Sardar Awais Ahmed Khan Leghari on Monday said French companies should explore fast growing power sector of Pakistan for its better returns. The consumers services areas in DISCOs provide good opportunity to investors, he said this during a meeting with French Ambassador to Pakistan, Marc Barety, who called on him here.
The Ambassador said French Development Agency (AFD) would consider to provide assistance in Balochistan’s solar tubewells and establishment of Renewable Energy Institute in its development portfolio for year 2018.
The Minister explained recent reforms being initiated by present government in power sector and informed the Ambassador about initiative to author new energy policy and electricity plan.He also appraised the Ambassador on renewable energy institute and working that has been pursued by both the Alternate Energy Development Board (AEDB) and Higher Education Commission (HEC).He said US and Danish government are sharing their experience regarding establishment of the Institute and invited French Government and AFD for their assistance in its establishment.
Awais Leghari informed that with passage of NEPRA Amendment Bill by National Assembly, an energy trade market is to be established in Pakistan and added the energy trade would ultimately benefit the consumers. He said government has been pursuing policies to reduce role of government in power sector while promoting market force to operate to safeguard interests of consumers and also to cater for chronic issues like circular debt etc.
The Ambassador appreciated efforts of present government in power sector. He said the progress in power sector has been exemplary and many French Potential Companies dealing with power sector are taking keen interest. He said that AFD will definitely study as to how it can provide assistance in installation of solar tube wells in Balochistan to provide off grid solution besides reducing the components of circular debt.