http://www.sananews.net/english/2010/04/12/...iefs-german-delegation/
ISLAMABAD, (SANA): Chief Executive Officer, Alternative Energy Development Board (AEDB), Mr. Arif Alauddin briefed a 17-member delegation from Germany, comprising top executives of the leading German companies in power/energy sector here Monday.
The CEO highlighted the power landscape in the country with reasons behind increasing demand and supply gap, which had resulted in the acute power shortages, and the business opportunities in the fast growing Alternative/Renewable Energy (ARE) sector in Pakistan.
He informed the delegation of the current shortfall of 5000MW of electricity; whereas only 65% of the total population is connected to national grid and the remaining 35% population has yet to have access to power/electricity. He also informed them of the ARE potential available in Pakistan.
He told them that a 50MW wind farm project by a Turkish firm, Zorlu has been inaugurated, which despite some technical difficulties is proceeding towards completion; another 3-4 farms would complete their financial closing within this year, which would add an aggregate of 200MW to national grid, he added.
He also apprised them of the government policy for converting thousands of existing tube-wells on solar. The business opportunities for investments on production and deployment of solar water heaters, biogas systems and solar lighting systems in remote areas also discussed with the delegation, besides discussing mega projects in ARE sector in Pakistan.
He also briefed the delegation of the incentives that GoP offers in ARE sector. He said that Pakistan was already offering scores of attractive incentives. The new policy makes Pakistan one of a very few country that offers lucrative incentives in ARE sector, which included, Partial Resource Risk Coverage, Tariff on the Basis of a Premium Rate of Return for ARE Projects, Mandatory Grid Connection, Mandatory Purchase Requirements, Mandatory Use (biofuels), SBP Small ARE Facility (<10MW), AEDF, ADB Loan Guarantee Facility, Credit Market Facility, 100% Carbon Credits to IPP etc. State Bank of Pakistan has been providing additional incentive/comfort for installation of 10MW or less Micro Hydro projects.
These companies are currently on a 3-day visit of Pakistan on invitation of AEDB to explore possibilities of investments in the Alternative/Renewable Energy (ARE) sector.
The companies include, Nordex, Siemens, PM Energy, SonnenPlus GmbH, AZUR Solar GmbH, MirKo Warenhandel, Kinoat Limited, German Water Energy Group, Bauer Resources GmbH, OSSBERGER GmbH etc. The delegation is also to meet Chairman BOI/ Minister of State, Mr. Saleem H. Mandvi wala and top officials of the Board and Mr. Pervez Butt, Member Energy Planning Division.
Tomorrow-April 13, 2010, the delegation members would have exclusive session with the Pakistani investors. The activity includes presentations by the German companies, B2B meetings, and meeting with business bodies like ICC&I and Alternative/renewable Energy Association of Pakistan (REAP) |