Germany will provide €8.1 million to Pakistan for renewable energy projects

Cooperation between Pakistan and Germany has grown considerably in the energy sector, said Federal Minister for Energy Muhammad Hammad Azhar.

Talking to German Ambassador Bernhard Schlangheck, the minister appreciated the recent signing of implementation agreement for GIZ Pakistan’s Renewable Energy and Energy Efficiency-II (REEE-II) project worth €8.1 million.

“The new Renewable Energy Policy approved by the Council of Common Interests is a major milestone in the energy transition of Pakistan,” he said. “The policy will drive a substantial shift to renewable sources in the power generation capacity.”

He elaborated that the renewable energy component in the total energy mix would increase from the current 6% to 20% by 2025 and 30% by 2030. The minister apprised the German envoy of the various ongoing projects which the government had initiated in the energy sector.

He said that a phenomenal growth of around 20% in consumer demand and nearly 15% in industrial demand for electricity created fresh challenges in the energy sector.

“Our aim is to further improve the transmission and distribution system to cater to the needs of generation capacity,” he said.

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