Federal Minister for Energy Khurram Dastgir Khan has invited the Japanese government and companies to explore and utilize opportunities in Pakistans renewable energy (RE) sector.
According to the sources, the Ministry of Energy stated that Dastgir, who is in Japan nowadays to attend?the state funeral of former prime minister Shinzo Abe that was held on Tuesday. The energy minister met State Minister Nakatani at the Japanese Ministry of Economy, Trade, and Industry in Tokyo.
He invited the Japanese government and companies to explore investment opportunities in renewable energy in Pakistan, wrote the energy ministry in the tweet.
The development emerges as the incumbent government is in search of enhancing the energy mix of renewable resources in power generation to fulfill the growing needs of the cash-strapped South Asian country.
In addition, the import of energy commodities is burning a hole in the national kitty, particularly in the wake of the Russia-Ukraine conflict, which has witnessed prices of gas and coal increasing massively, leaving little space for net energy importing countries like Pakistan.
The energy minister, earlier this month, stated Pakistans future energy landscape will be based upon the utilization of indigenous renewable sources.
Addressing at the event, the federal minister had stated that according to his governments energy policy, every new electricity generation plant in Pakistan will be established using domestic sources i.e. solar, hydel, wind, and Thar coal.
The future energy landscape of Pakistan will be based upon these five sources, he said, as well as called for the modernization of the countrys energy sector.
Dastgir added that the countrys power sector has now become the most significant sector for the financial viability of the country and how we present our budgets in the power sector is now the major hurdle, which we plan to change and transform into a primary facilitator of Pakistans economic growth.