Tag: 3b

Pakistan receives $3b renewable energy investment

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article image STAFF REPORT ISB: Pakistan has received a record $3 billion investment in the renewable energy sector over the past one year as the government seeks to ensure energy security in the country. Pakistan has become a choice destination of investors because of the potential in this sector, robust policy framework, lucrative tariff structures and bankable security documents, said Amjad Ali Awan, CEO Alternative Energy Development Board (AEDB). He said the government is taking steps to…Read More

Chinese firm plan $3b in Pak wind farm

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article image MONITORING REPORT HONG KONG: Chinese oil and gas firm, United Energy Group Ltd, has said it plans to invest $3 billion in a wind farm project in energy-starved Pakistan and is in talks to buy equipment from mainland suppliers.According to details, United Energy, which paid $775 million for oil and gas assets in Pakistan in 2010, said it plans to construct the wind farm in several phases. It did not disclose the targeted total capacity for the project or provide a timeframe.The company said,…Read More

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