US-Pakistan energy partnership to develop 3000 MW of new private sector investment

ISLAMABAD : Partnership between US and Pakistan in energy sector would develop 3,000 MW through private sector investment in clean energy generation.

Assistant Secretary for International Affairs of USA Jonathan Elkin said in a statement that this partnership will direct benefit to more than 30 million Pakistanis.

Recognizing the critical importance of increasing energy security and access in a clean, sustainable manner, the United States has committed more than $1 billion to date to support energy sector investments and reforms in cooperation with the government of Pakistan.

United States of America’s department of Energy would announce launching of three million dollars support programme for the energy development in Pakistan under US-Pakistan Partnership programme.

The new partnership would continue by joint efforts by the United States and Pakistan to address Pakistan’s energy needs, and is part of broader energy assistance that includes support from USAID, the Department of State, and the Department of Energy.

The United States and Pakistan have cooperated in energy issues since 2009 under the Energy Working Group established through the US-Pakistan Strategic Dialogue.

Our cooperative efforts have made almost 1,700 additional megawatts available to the national grid, powering the homes and businesses of nearly 19 million Pakistanis and increasing the annual revenue of Pakistani distribution companies by 300 million dollar

The Assistant Secretary Jonathan Elkind also joined ministry of Water and Power to announce the launching of a three million dollars multi-agency technical assistance program designed to support Pakistan’s energy development efforts.

The three-year program, conducted in partnership with the US Agency for International Development, will bring experts from the Department of Energy  national laboratories together with Pakistani experts to develop strategies and resources for integrated energy planning, energy efficiency, and promoting private investment in renewable energy and integration.

“The United States is committed to our partnership with Pakistan. We are addressing energy challenges and working together on our shared global energy priorities, including the opportunities presented by a growing renewable energy market.” Assistant Secretary Elkind said.

It may be recalled here that this Program would be a milestone in the US-Pakistan Clean Energy Partnership, announced by President Obama and Prime Minister Nawaz Sharif in October 2015.

APP

Follow us on Facebook and Twitter to keep yourself updated

 

 

Share This:

Login

Welcome! Login in to your account

Remember meLost your password?

Don't have account. Register

Lost Password

Register