US pledge to cooperate Pakistan in combating energy crisis
April 30th, 2015 | Ahsan Jamil | No Comments
Staff Report ISD: 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 Pakistans energy challenges,” said US State Departments Special Envoy for Energy Amos Hochstein. “It is a partnership to help alleviate Pakistans 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 Pakistans dependence on foreign fuel sources, help address climate change, improve Pakistans energy security, and promote innovation and growth.
Dependence of Pakistan on foreign fossil fuel sources will be mitigated by the investments in clean energy projects such as hydroelectric, solar, wind, natural gas, and biomass. This will not only account to boost energy sector but also will be a positive variable for environment.
Delegates from USA, Khwaja Asif, Minster Defense, Shahid Khaqan Abbassi, Minister Petroleum and Natural Resources were also present at the occasion. Both the minsters lauded the cooperation from US to dispel energy crisis in Pakistan.
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