SAPM, Egypt envoy discuss scope in energy sector

Business Recorder/27-08-2020

 ISLAMABAD: The ambassador of Egypt to Pakistan called on Special Assistant to Prime Minister on Petroleum Nadeem Babar at the Ministry of Petroleum. The ambassador was leading a delegation of an Egyptian Energy Company TAQA with focus to explore the business opportunities in energy sector in Pakistan. The SAPM gave an overview of Pakistan’s energy sector and the presented government’s earnest endeavors in reforming the energy sector of the country. He said that the prime minister was personally overseeing those efforts. The SAPM also reaffirmed Pakistan’s commitment to cleaner fuels and green energy and injecting more hydel and renewable sources in the national grid would diversify said Pakistan’s energy mix. He foresaw the share of renewable energy to increase by 20 percent by 2025 and 30 percent by 2030. The Egyptian company expressed interest in investment in the energy sector including areas of power generation, transmission, and distribution, projects related to renewable energy as well as in LNG, CNG and gas distribution sector of the country. The delegation thanked the SAPM for the presentation on energy sector and expressed keen interest to develop footprint of the company in Pakistan.