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Resolving energy crisis vital for progress: Shahbaz

Chief Minister Shahbaz Sharif has said that Pakistan is facing serious energy crisis which has badly affected national economy as well as education, health, agriculture and other social sectors.

He said that solution of energy crisis is essential for national development, acceleration of industrial process and generation of job opportunities. He said that government is making serious efforts to deal with energy problem and work on the power generation projects based on alternative resources is being carried out expeditiously. He said that cooperation of local and foreign investment companies is also being acquired for dealing with the energy problem. Shahbaz Sharif said that a number of agreements have been signed with Chinese companies for generation of power. He said that ZTE Corporation China can also extend cooperation in energy sector.

He was talking to a delegation of ZTE Corporation China led by its Vice President Le Guang Yong, here Thursday. Matters regarding solar streetlights and cooperation in energy projects were discussed in the meeting. Speaking on the occasion, the chief minister said that there is a gap between the supply and demand of gas and electricity and there is need to work on energy projects expeditiously to maintain a balance in this regard. He said that every moment is precious and efforts are being made on war footing to rid the people of the shortage of electricity. He said that steps are being taken for early implementation of the agreements signed with the Chinese companies in energy sector. He said that besides traditional methods of power production, rapid progress is also being made for implementation of the projects of generation of energy from alternative resources. He said that maintaining transparency and a high standard in the execution development and other projects is the hallmark of Punjab government. He said that planning has been made for the setting up of Quaid-e-Azam Solar Park over a vast area in Cholistan and several Chinese companies have expressed willingness for investment in the park. He said that a coal power corridor is being set up in Gadani. Shahbaz Sharif further said that Memorandum of Understanding has been signed with companies of China and Qatar for the setting up of a 6600MW coal power plant in Gadani. He said that government has also devised a plan for the conversion of streetlights and traffic signals to solar energy under a phased programme and speedy progress is being made in this regard. He said that conservation of electricity is possible through using LED lights as streetlights and the government has made solid planning in this regard. Vice President ZTE Corporation China Le Guang Yong while speaking on the occasion said that his corporation is interested in promoting cooperation with Punjab government in energy sector and joint ventures can be launched in this sector.

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