Islamabad;22 Nov 2019-Minister for Power Omar Ayub Khan has invited the Danish Companies for investing in manufacturing of solar panels and wind turbines in Pakistan.
He said this in meeting with Ambassador of Denmark Rolf Holmboe who called on him in Islamabad on Friday.
The Minister said Pakistan’s New Renewable Energy Policy will bring in good opportunities for their good returns due to transparent policies of the government.
Omar Ayub Khan said the policy is unanimously approved by the Alternative Energy Development Board where all provinces have highest level representation.
The Minister while acknowledging the lead role of Demark in clean and green energy at the global level said that Pakistan too has embarked upon taping huge indigenous potential of renewable energy.
The new Renewable Energy Policy, which will soon be presented to Council of Common Interest for its final approval and implementation, has set ambitious targets in this regard.
He said that by year 2025 the current share of 4% of Renewable Energy in overall energy mix will be enhanced to 20% while by year a target of increasing the same to 30% has been set in the policy, which is around 20000MW.