Staff Report ISB: The second US-Pakistan Energy Working Group meeting concluded with the aim to promote private sector investments in clean energy. The US government settled to work with Pakistan in close coordination to proceed with the reforms which will enable the stakeholders to add 3,000 MW clean energy to the national grid in the coming 3-5 years.
“This clean energy initiative will assist to address Pakistan’s energy challenges,” said US State Department’s Special Envoy for Energy Amos Hochstein. “It is a partnership to help alleviate Pakistan’s energy challenges based on a set of goals shared by Pakistan, the United States, multilateral banks, donors and the private sector.”
Clean energy investments in hydroelectric, wind, solar, biomass, and natural gas, combined with an expanded effort to improve the efficiency at all parts of the energy sector, will reduce Pakistan’s dependence on foreign fuel sources, help address climate change, improve Pakistan’s energy security, and promote innovation and growth.
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