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Energy Crisis : Shahbaz Sharif pledges to facilitate foreign investment

Punjab Chief Minister (CM) Shahbaz Sharif has said that all-out facilities would be provided to foreign investors to attract investment in the energy sector.

He said this while presiding over a meeting regarding the pace of progress of energy projects.

He further said that several local and foreign companies were ready to set up power generation projects and planning was being made for offering special incentives to them for the production of electricity from alternative sources.

He said that the solution to the energy crisis was essential for the stability of the economy, promotion of economic activities and acceleration of industrialisation.

He said that no efforts would be spared for ridding the people of load shedding.

He said that industrialists of China and other countries were interested in power projects in Pakistan, including Punjab.

He said that Punjab government would ensure rapid progress in energy projects. He further said that alternative sources of power generation were also being explored.

The CM said that energy was essential for the national development and rapid progress would have to be made in the sector.

He said that alternative sources for production of electricity were being explored and work was in progress expeditiously on power generation projects.

Issuing instructions for accelerating the work on the Quaid-e-Azam Solar Power Project in Cholistan, the CM said that the provision of quality facilities should be ensured in solar park. He said that work should immediately be started for the infrastructure development in the Quaid-e-Azam Solar Park.

The CM further said that the Punjab government would set up solar energy projects of 700 megawatts in Punjab from the province’s own resources. He went on to say that land has been allocated for this purpose in the Quaid-e-Azam Solar Park.

He said that in order to complete the power generation projects at the earliest, the process of consultation with all stakeholders had been started, as solution to the problem of shortage of electricity was a collective national responsibility. The CM further said that the Pakistan Muslim League-N (PML-N) government was determined to resolve the energy crisis and rid the people of load shedding.

He said that the Punjab government was extending all-out support to investors for initiating the power projects under the public private partnership.

He said that there was abundant fuel for biomass, which could be utilised for the generation of power.

Referring to the crackdown on gas and electricity thieves, the CM said that the elements involved in such corrupt practices were criminals and would be extended no leniency. He said that the taskforce set up for apprehending power and gas thieves had detected gas and power theft of millions of rupees. He further said that the efforts of the taskforce were commendable and had sent a clear message to the criminals involved in this negative practice.

He said that the crackdown against gas and power thieves would continue while action would also be taken against the government officials involved in this heinous crime.

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