Seminar on ‘Development corporation role of EDCF for promoting renewable energy’

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The Embassy of the Republic of Korea organized an interactive seminar on Thursday on the theme of Energy Infrastructure Enhancement in Pakistan through the Economic Development Cooperation Fund (EDCF).

The seminar was attended by senior level representatives from Ministry of Foreign Affairs, Economic Affairs Division, EXIM Bank of Korea, Korean Companies, Pakistani Business Community Members, and the UN.

The seminar’s propose was to discuss ways to promote renewable energy especially solar power in Pakistan in a collaborative and synergetic manner where Korean companies showcased their experiences of undertaking renewable energy projects in Korea, Pakistan, and around the world, and to highlight the receptiveness of the Pakistani Government towards utilizing the Economic Development Cooperation Fund (EDCF), worth USD 1 billion for the years 2022 to 2026, which was signed in June 2022 between the Economic Affairs Division (EAD) of Pakistan and the Korean Embassy towards enhancing Pakistan’s renewable energy output and making the country more climate resilient.

The ambassador while speaking at the seminar said that Korea and Pakistan have always enjoyed cordial ties and Korea aims to further enhance these bilateral relations between the two countries to new heights through renewable energy projects.

Country Director of KOICA, and CEOs of Korean Companies also expressed their complete willingness to assist Pakistan in this process.

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