Pakistan has emerged as an important energy market with marvelous opportunities available for foreign investments. Pakistan was gifted with rich energy resources including an immense potential of solar energy, and a long wind corridor which offers infinite supply of renewable power. France invited to make use of energy resources of Pakistan.
Telling off the Ambassador of France to Pakistan Dr Marc Barety, the power minister addressed that his government planned to reform the energy sector on modern parameters, especially the transmission and distribution sectors.
To renovate the power sector a task force comprising of energy experts has been set up to bump up the country towards the development.
Investment in the energy sectors would be removed and complete catalog of all available projects would be displayed on website of Private Power Infrastructure Board (PPIB).
900 million dollars in power sector will immediately invest to minimize line losses and rationalize the distribution system.
Prominence the strong ties between France and Pakistan, Power Minister Omar Ayub Khan emphasized that both countries shared pleasant relations and addressed the need to extend these ties from trade and economic domain to cooperation in the field of energy.
The French ambassador appreciated the plan of present government to harness clean, green and renewable energy potential and informed that several French companies were interested to invest in the power sector.
The relationship between the two countries derives its strength from people-to-people contacts. The expansion and diversification of Pakistan-France relation needs the strengthening in scientific research, energy, environment, education and governance.
France would look into all possibilities of cooperation with Pakistan in the field of renewable energy. Pakistan highly valued its versatile relations with France. Pakistan enthusiastic to build closer relations with France in areas of mutual benefit.
Pakistan-France could work together in energy sector for mutual benefit, Pakistan offered investment-friendly policies, as the government was committed to attract foreign investment to put the national economy on the curve of growth.