Prime Minister Shehbaz Sharif underscores the need to move towards inexpensive energy use to help save foreign reserves.

A major chunk of Pakistan’s import bill, he said, was being spent on the import of costly fuel for power generation. He said the country’s future depended upon the utilization of renewable energy which could help generate inexpensive power.

At a meeting with a delegation of Zonergy Corporation, a Chinese company, the prime minister said the production of low-priced power would also remove the burden of price hike on the general public, says a press release. He said a pre-bidding conference on solar energy projects would be held in Islamabad on Wednesday.

The Zonergy Corporation delegation presented a donation cheque for the PM Flood Relief Fund. It was led by Chief Executive Richard J. Guo. Minister for Board of Investment Chaudhry Salik Hussain, Minister for Planning Ahsan Iqbal, Minister for Energy Engineer Khurram Dastagir, Minister for Law Azam Nazeer Tarrar, PM’s Special assistants Dr. Jehanzaib Khan, Zafaruddin Mahmood and Fahad Hussain were present.

Mr. Sharif lauded the Chinese support on the internal and external fronts and said the China-Pakistan Economic Corridor (CPEC) was an extension of the flagship Belt and Road Initiative under which the Chinese investment was made in the construction of infrastructure, industry and other sectors. The 300MW Quaid-i-Azam solar power project in Bahawalpur was accomplished in a record period of time and the government was making efforts to promote investment in renewable energy, especially in solar and wind energy.

Credit : Independent News Pakistan-WealthPk