A delegation of United States’ International Development Finance Corporation called on Minister for Power Khurram Dastgir Khan in Islamabad on Friday.
The delegation was headed by Chief Climate Officer Mr Jake Levine and Deputy Cheif of Staff Policy Mr Naz El-Khatib.
The Minister for Power apprised the delegation about the solar projects of the present government.
He said the future policy outlook is based on the plans that all new electricity generation will be based on indigenous resources. He said 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.
It is pertinent to mention that DFC has an investment portfolio of 450 million dollars in Pakistan and considerable portion of the investment is in renewables.
Source: Radio Pakistan