Islamabad: The Ambassador of Turkey to Pakistan Ihsan Mustafa Yurdakul on Monday expressed an interest in investing in Pakistan’s energy sector, under the federal government’s recently unveiled Alternative Energy Policy — a news source reported. He made this revelation during a meeting with Federal Minister for Energy Omar Ayub Khan at his office.
The Turkish ambassador further acknowledged Pakistan’s efforts to resolve its energy issues, and the steps the local government is taking towards sustainable energy production for economic development.
On the occasion, Minister Khan informed the ambassador about the primary features of Pakistan’s Alternative Energy Policy, and the investment opportunities it offers to interested parties. He also explained that Pakistan hoped to produce 75% of its electricity through domestic resources by 2030.
The minister additionally stated that Pakistan would be importing the requisite technology for renewable energy, including solar panels and wind turbines. He also added that all energy projects initiated under the new energy policy would be awarded through a competitive and transparent bidding process.