Islamabad: According to a statement made by Federal Minister for Energy Muhammad Hammad Azhar, collaboration in the energy sector between Pakistan and Germany has developed.
While chatting with German Ambassador Bernhard Schlangheck on Wednesday, the minister expressed his appreciation for the recent signing of the applicable agreement for GIZ Pakistan’s Renewable Energy & Energy Efficiency-II (REEE-II) project, which is worth €8.1 million.
The German ambassador praised the government of Pakistan’s efforts in the energy sector while speaking on the occasion.
He emphasized his country’s commitment to further improving the current energy collaboration with Pakistan.
According to the minister, a tremendous increase of over 20% in consumer demand and nearly 15% in industrial demand for power has created new concerns and challenges in the energy industry.
He highlighted that renewable energy’s share of the whole energy mix would rise from 6% now to 20% by 2025 and 30% by 2030. Furthermore, the minister informed the German envoy of the several ongoing energy initiatives that the government had initiated.