ISLAMABAD: Energy Minister Omar Ayub has called for greater US investmentsin the energy sector, particularly in the areas of power generation,transmission and distribution, artificial intelligence, renewable energy,hydel energy and training.
Omar Ayub said this while talking to Deputy Assistant Secretary of Statefor Pakistan Affairs Lesslie C Viguerie, who called on him at the Ministryof Energy on Monday.
The minister gave an overview of Pakistan’s energy sector and the incumbentgovernment’s earnest endeavours in reforming the energy sector. He said thegovernment has finalised Indicative Generation Capacity Expansion Plan(IGCEP) 2047, which emphasised on increasing the share of indigenoussources while reducing the reliance on imported fuel.
“The IGCEP will forge massive addition of renewable capacity i.e. 60pcpower generation from biomass, solar and wind; 30pc from hydel, and 10pcfrom thermal and nuclear power plants.”
The minister said that the government would induct renewable energy-basedpower plants through open and competitive bidding in a transparent manner,adding that it would also encourage the transfer of technology in theseprojects.
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He said that the government is focusing on manufacturing and assembly ofwind turbines and solar panels in Pakistan.
The minister also apprised the deputy assistant secretary on thegovernment’s endeavours to liberalise the energy market, saying that byintroducing competitive Trading Bilateral Contract Market (CTBM),competition in power distribution and buying market would be enhanced.
