Immense prospects in renewable energy in Pakistan highlighted at Int’l Forum

BEIJING—The Former President of Federation of Pakistan Chambers of Commerce and Industry (FPCCI) and patron In-Chief of Pak-China Business Forum Tariq Sayeed has said that there were vast opportunities available in Pakistan for the Chinese investors in area of renewable energy.
Addressing at the inaugural session of the 2nd China New Energy International Summit Forum, in Wuxi, Jiangsu Province on Wednesday Tariq Sayeed said that Pakistan’s economy is growing at the rate of over 7 percent for the last couple of years and due to industrialization surged across the country, we are facing shortage of power thus working on various projects to meet the shortfall.
He pointed out that the country while paying attention towards generating hydal power also concentrating on wind, solar and other means of renewable energy as these natural resources are also environment friendly.
Tariq Sayeed who was one of the keynote speakers at the Forum said that time has come to reinforce Sino-Pak traditional friendship with a strong and vibrant economic partnership.
During his address he gave an overview of the Pakistan Energy Scenario and immense potential for Renewable Energy.
He gave the Chinese companies the wind and solar data in details on Pakistan and explained to them the special incentives that Pakistan offers for investment for the Chinese enterprises.
Earlier, the International Forum was inaugurated by Dr. Li Hejun, Chairman of China New Energy Chamber of Commerce and was also addressed by leaders of the Wuxi Municipal Government, the Vice Director of the National Development and Reform Commission and delegates of various Energy and Environment agencies.
The forum was organized by Dr. Shi Zhengrong in collaboration with All China Federation of Industry and Commerce and the China New Energy Chamber of Commerce.
Dr. Shi, a keynote speaker along with Tariq Sayeed who was also declared Hero of the Environment by Time Magazine, spoke about Global Warming and emphasised the need for carrying out further collective efforts by all countries to promote Renewable Energy.—APP