German Federal Ministry for Economic Cooperation and Development (BMZ) will provide 8.1 million Euros for Renewable Energy and Energy Efficiency II project.
By Fawad Yousafzai
In this regard the Ministry of Energy (Power Division) and GIZ Pakistan signed an Implementation Agreement to unveil the Pakistani Renewable Energy and Energy Efficiency II (REEE II) 8.1 Million Euros Project.
Under the agreement, GIZ Pakistan will conduct Renewable Energy and Energy Efficiency (REEE II) project that will provide technical support to the Ministry of Energy (Power Division) and it’s associated Alternative Energy Development Board (AEDB).
The aim of the project is to contribute effectively to the energy transition in Pakistan, said the spokesman of the Power division. The € 8.1 million project is commissioned by the German Federal Ministry for Economic Cooperation and Development (BMZ).
During the ceremony, Secretary Power Division, Ali Raza Bhutta, and Tobias Becker, Country Director GIZ Pakistan, reiterated the commitment to strengthen their cooperation. CEO AEDB, Shah Jahan Mirza, and various other notables from both sides, were present in the ceremony.
Speaking at the ceremony, Ali Raza Bhutta said A major milestone in the energy transition in Pakistan is the new Renewable Energy Policy approved by Council of Common Interest in August 2020 the Alternative and Renewable Energy (ARE) Policy. The Policy aims for a substantial shift in the power generation capacity to RE sources, moving from a current 6 per cent to 20 per cent by 2025 and 30 per cent by 2030.
He emphasised on building the capacity of Pakistan’s RE & energy efficiency related organization. He also appreciated GIZ to cooperation in adopting best energy efficiency practices while learning from German experience. He expressed the desire that the current cooperation between GIZ and ministry of energy will go a long way towards improving Pakistan’s utilisation of its great renewable energy potential.
Tobias Becker said that this intervention will support the increased deployment of clean energy technologies; it will promote distributed solar PV power plants connected to the electricity grid, as well as the rural electrification strategy of the country. He also emphasised the importance and contribution of Pakistan-German Renewable Energy Forum (PGREF).
The REEE II project responds to the national priority area of the government of Pakistan, i.e., The Alternative and Renewable Policy 2019 and National Energy Policy 2021. Through bilateral cooperation agreements, Germany and Pakistan have been working together to address the impacts of climate change and to ensure access to affordable, reliable and sustainable energy.
In line with this, the Pakistan-German Renewable Energy Forum (PGREF) will continue to serve as a connecting bridge between both the countries, implementing concrete actions and providing technical advice to enhance collaboration, promote dialogue, facilitate investment and exchange knowledge.
GIZ Pakistan shares a cordial relationship in development cooperation with the Government of Pakistan for over 60 years. It has been a key partner in supporting the GoP to achieve its national.
Originally published at The nation