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Several Dutch Companies interested to invest in Pakistan: Envoy

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ISLAMABAD, Pakistan: The Ambassador of Netherlands Wouter Plomp has said that several Dutch Companies are interested to invest in Pakistan in the projects of Solid Waste Energy.

In a meeting with the Federal Minister for Energy Muhammad Hammad Azhar in Islamabad on Monday, the ambassador said that the Dutch Companies have great expertise to effectively use domestic and agricultural wastes to produce electricity which is claimed to be cheaper.

In his remarks, the minister expressed his strong desire in the exchange of technology and expertise in the field of generation of electricity through solid management.

During the meeting, the minister also highlighted the initiatives of the present government to enhance the share of Renewable Energy in the Energy Mix of Pakistan which has been targeted to be 45% by 2030, and informed that all the future energy projects would be Renewable Energy based.

The minister reiterated that Pakistan is keen to develop cleaner and environmentally friendly sources of energy.

Hammad Azhar further added that Pakistan is introducing a policy of wheeling of electricity which would allow power producers to sell electricity to any local business entity instead of the Central Power Purchasing Agency.

The federal minister also informed that Pakistan is investing heavily to enhance the transmission capacity of the Country removing all bottlenecks and excavating new transmission lines.

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