Islamabad, October 21, 2022 (PPI-OT): Federal minister for power Engr. Khurram Dastgir Khan held a meeting with a delegate of United States’ International Development Finance Corporation (DFC) here today. The delegation was headed by Mr. Jake Levine, chief climate officer. Mr. Naz El-Khatib, deputy chief of staff policy was also in company. DFC has an investment portfolio of 450 million dollars in Pakistan.
Considerable portion of the investment being in renewables. Minister for power apprised the delegation about the solar projects of the present government. The future policy outlook is based on the plans that all new electricity generation will be based on indigenous resources, remarked the minister. The policy aims to reduce the import of fuel and conservation of energy. The delegation appreciated the solar policy and declared it a win-win for climate considerations and soaring energy prices. The DFC will continue its engagement with Pakistan on renewable energy.
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