Welcome to official website of PRES

Zardari urges investors to invest in energy sector

President Zardari said on Wednesday that huge investment opportunities were available in the country in the alternate energy sector as the abundant sunshine and wind corridors offered great opportunities to the investors for harnessing this clean and efficient source of energy.

He was talking to a delegation of DACC Power Generation Company — a subsidiary of US-based DACC Global that provides alternative energy solutions internationally – that called on him at Aiwan-e-Sadr Wednesday.

Spokesperson to the President apprised media that the DACC Solar Power Generation Company (DPGC) is pursuing development of a 50MW Solar power project in Punjab, production of bio-fuel and installation of solar water pumps in the country.

President appreciated delegation’s interest and investment in the alternate energy sector. He said that energy shortage has been one of the major challenges faced by the country at present.

He said that the government was according highest priority to facilitating the investors undertaking business ventures in this sector.He said that the government was committed to promote the alternate means of energy production so as to reduce dependency on conventional modes and simultaneously to save the environment from further degradation due to burning of the fossil fuels. He also mentioned special control rooms in the Ministry of Water and Power and various offices of power distribution companies for monitoring and coordination purposes.

President assured the company of all possible facilitation in its business ventures in Pakistan.He also expressed the hope that the company will construct more solar projects in other parts of the country too, which will greatly help in meeting the energy demand of the country.

The delegation thanked the president for meeting and expressed keen interest in further expanding their business in the country. The delegation, headed by Doug Melvin, President DACC Global, comprised of Arnd Spinger, Joseph Steinfeldt, Mark Lohoff, Adnan Hameed, Zafar Ahmed and Nasir Waseem.

Chairman Intellectual Property Organization of Pakistan Hameedullah Jan Afridi, Secretary to President Maj (R) Haroon Rashid, Secretary Water & Power Ms Nargis Sethi, CEO Alternative Energy Development Board Arif Allauddin and other senior officials were also present during the meeting.

Comments are closed.