‘Pakistan needs to tap wind energy to improve its power grid’
KARACHI: Pakistan is facing a critical energy crisis and needs to tap alternative energy resources to improve its power grid.
Key speakers at a seminar on the effectiveness of wind energy in curbing energy challenges in Pakistan agreed it was extremely important to look forward and towards alternate energy resources such as wind.
Although Pakistan has one of the world’s best resources for wind and solar power, so far the country has only exploited an insignificant amount of the potential.
Ambassador of Denmark Jesper Moller Sorensen highlighted the Danish story of transitioning from a society dependent on imported fossil fuel to a completely energy independent economy with an increasing amount of renewables in the energy mix.
Sindh senior Minister Khuhro said the government was creating an enabling environment for potential investors in developing infrastructure, coal mining, coal and wind power generation in the province.
He assured on behalf of the government provision of requisite infrastructure Board of Investment was providing one window solutions to streamline investors’ requirements.
Khuhro said the current focus of the energy fuel mix was on developing indigenous energy resources and reliance on alternative sources would help save billions of dollars in foreign exchange currently being spent on import of expensive refined furnace oil (RFO).
Danny Nielsen Chief Operating Officer Vestas Asia Pacific and China said wind energy has been used for more than 30 years and today the world’s fastest growing energy resource. “We believe wind energy has a lot to offer Pakistan. We have a successful global track record of providing energy solutions to more than 73 countries and we know exactly the challenges for wind frontier markets like Pakistan when embarking on the wind journey. Nielsen said, “Vestas is committed to be the trusted partner to Pakistan’s local wind industry throughout this exciting journey.”
He informed the audience the delegation was visiting the country as Vestas sees Pakistan as a market with a huge potential. Vestas is ready to share knowledge with wind energy partners in Pakistan and would also bring in its experience working with international financial institutions and share resources with local investors.
Representatives from Denmark’s Export Credit Agency and Investment Fund for Developing Countries also shared their experience working together with other international financial institutions and local investors.
The government of Pakistan has estimated the country lost up to 3 percent of its Gross National Products only due to power shortages.