ISLAMABAD – Minister for Power Division Sardar Awais Ahmed Khan Legharisays renewable energy institute will be established to conduct research inthe existing potential and propose policy matters on alternative energy.

He was talking to a delegation of World Bank and International FinanceCorporation co-headed by World Bank Vice President for South Asia AnnetteeDixon and IFC Vice President for the region Snezana Stoijkvic in Islamabadon Friday.

The Minister invited the World Bank and IFC to extend assistance in theestablishment of Renewable Energy Institute.

The Minister also underscored the need of investment in the powerdistribution sector to modernize the existing infrastructure.

He also invited the World Bank and IFC to consider investing in laying theABC cables in the distribution network, which will greatly help in reducingthe line losses and controlling theft.

The IFC Vice President said IFC is keen in tapping the renewable resourcesin Balochistan and Khyber Pakhtunkhwa.

It also expressed its interest in investment in improvement of distributionnetwork.

The World Bank reiterated to continue supporting the power sector inmodernization of transmission lines.