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Incentives to be provided to investors in energy sector: CM

Punjab Chief Minister Muhammad Shahbaz Sharif has said that solution of energy crisis is essential for the stability of the economy, promotion of economic activities and acceleration of industrialization. He said that no effort will be spared for riding the people of load-shedding. He said that all out facilities will be provided to foreign investors for investment in energy projects. He said that industrialists of China and other countries are interested in power projects in Pakistan including Punjab. He said that Punjab government will ensure rapid progress towards energy projects and alternative sources of power generation are also being explored.

He was presiding over a high level meeting regarding pace of progress of energy projects in Islamabad today. The Chief Minister said that energy is essential for national development and rapid progress will have to be made in this sector. He said that alternative sources for production of electricity are being explored and work is in progress expeditiously on power generation projects. He said that several local and foreign companies are ready to set up power generation projects and planning is being made for offering special incentives for production of electricity from alternative sources.

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

The Chief Minister said that Punjab government would set up solar energy projects of 700 megawatt in Punjab from its own resources and land has been allocated for this purpose in Quaid-e-Azam Solar Park. He said that in order to complete power generation projects on war footing, process of consultation with all stakeholders have been started as solution to problem of shortage of electricity is a collective national responsibility. The Chief Minister further said that Muslim League-N government is determined to resolve energy crisis and rid the people of load-shedding. He said that Punjab government is extending all out measures for initiating power projects under public private partnership and all out facilities will be offered to investors in this regard.

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