Mohammad Arshad Islamabad
Pakistan and Denmark, Monday, formed a joint technical working group to develop TORs for on Government-to-Government (G2G) agreements focusing on energy audit and demand forecast in the country.
Both sides also deliberated upon the findings and recommendations by Danish Energy team on G2G-collaboration in energy sector in view of newly approved Alternative Energy Policy.
Federal Minister for Energy Omar Ayub Khan chaired a meeting with Danish technical energy team along with Danish Ambassador Lis Rosenholm here.
The Danish Ambassador while appreciating the government’s commitment to refurbish the energy sector, said that the new policy is more transparent as it provides a level playing field for all.
She said that G2G agreement would be on based equal partnership and its prime focus is to set up a joint energy group for exchange of experience at both policy and operational level, so that, both countries would establish long-term strategic collaboration in energy sector.
At onset of meeting, Danish Technical team presented the report on technical support to Pakistan in Renewable energy and Energy efficiency sectors and underscored the need of strategic energy cooperation between the two countries.
The Minister while acknowledging the lead role of Denmark in clean and green energy at the global level said that Pakistan too embarked upon taping huge indigenous potential of renewable energy.
The Minister said that Pakistan’s New Renewable Energy Policy would bring opportunities for investors due to transparent policies of the current government.
He said that the government had set an ambitious target to introduce 25 percent renewable energy by 2025, and 30 percent by end of 2030 including 45 percent share of hydel power generation and 10 percent of nuclear energy into energy mix of the country.
Speaking at virtual meeting, the Minister said that the incumbent government has require strong political commitment and innovative ways of expanding energy access, promoting renewable energy and increasing energy efficiency to meet the growing needs of energy in country.