Islamabad: An Egyptian firm on Wednesday expressed its interest in exploring business opportunities in the energy sector of Pakistan, a news source reported. In this regard, Ambassador of Egypt to Pakistan Tarek Dahrough held a meeting with Special Assistant to the Prime Minister (SAPM) on Petroleum Nadeem Babar.
The Egyptian envoy led a delegation of an Egyptian energy company called TAQA to discuss business opportunities in the energy sector of Pakistan. Babar presented the delegation with an overview of the sector. He highlighted the incumbent government’s endeavours for the sector’s reform.
The SAPM also explained that Pakistan was committed to adopting cleaner fuels mechanism and green energy policy. He added that the government intended to diversify the energy mix by injecting more hydel and renewable sources into the national grid.
During the meeting, the delegation from the Egyptian company expressed interest in investing in Pakistan’s energy sector. The officials cited areas of power generation, renewable energy, transmission and distribution, and LNG, CNG, and gas distribution projects.