MONITORING REPORT ISB: STAFF REPORT LHR: Pakistan has offered excellent opportunities to German companies to develop bilateral business activities based on competitiveness, expertise, technical know-how and product delivery in the areas of solar and wind energy.
Pakistans Ambassador to Germany Syed Hasan Javed has said this while addressing a day-long conference on “Renewable Energies in Pakistan” recently organized by the German and Middle East Association (NUMOV) in Hamburg, Germany.
He said that Pakistan has one of the globally highest solar radiations of approximately 5,3 KWh/sqm per day and the wind corridor between Gharo and Kete Bandar in Sindh alone has the potential of producing 40,000 to 50,000 Mega Watt wind energy.
Pakistan offers one of the best Investment Regime in the world to foreign investors and its geo-strategical location on the map of the world is all set to make it a hub of trade and business activities in near future, he added.
Dr. Stefan Oswald, Director General, German Federal Ministry of Economic Cooperation and Development, informed the participants about the various projects being carried out by his ministry in Pakistan to conserve energy and improve the efficiency of the electrical system.
Dr. Azhar Ayub, member of FPCCI Standing Committee on Environment and Managing Director, Energy Generation, spoke about the challenges and opportunities in the Energy Sector of Pakistan.