Egyptian company visits Pakistani petroleum ministry to explore energy sector cooperation

This undated file photograph shows a general view of a TAQA Arabia petrol station in Cairo, Egypt. (Photo courtesy: TAQA Arabia)

• TAQA Arabia expresses interest in investing in power generation, transmission and distribution, renewable energy, LNG, CNG and gas distribution in Pakistan
• Pakistani PM’s advisor on petroleum says Pakistan's share of renewable energy to increase by 20 percent by 2025 and 30 percent by 2030

ISLAMABAD: Tarek Dahrough, ambassador of Egypt to Pakistan, on Wednesday led a delegation of TAQA Arabia, Egypt's largest private sector energy distribution company, to meet top Pakistani officials and explore opportunities for cooperation in Pakistan’s energy sector.
Dahrough called on Special Assistant to the Prime Minister (SAPM) on Petroleum Nadeem Babar and expressed interest in developing government-to-government energy cooperation in Pakistan.
"The SAPM gave an overview of Pakistan's Energy Sector and presented Government's earnest endeavours in reforming the energy sector of the country,” a statement from the ministry of energy said. “He said that these efforts are being personally overseen by the Prime Minister of Pakistan himself.”
Babar also reaffirmed Pakistan's commitment to cleaner fuels and green energy and said that Pakistan's energy mix would be diversified by adding more hydel and renewable sources into the national grid. He said the share of renewable energy would increase by 20 percent by 2025 and 30 percent by 2030.
“The Egyptian company expressed interest to invest in the energy sector including areas of power generation, transmission and distribution, projects related to renewable energy as well as in LNG, CNG and gas distribution sector of the country,” the statement said. “The delegation thanked the SAPM for the presentation on the energy sector and expressed keen interest to develop footprint of the company in Pakistan.”