Germany keen to invest in Pakistan’s solar energy sector

[Naveed Yaseen]

ISLAMABAD: Germany has expressed his interest to invest in solar energy projects in Pakistan as it has a lot of potential to generate energy by installing Photovoltaic Solar Systems. This was said by Sikander Mir-Kohler, Honorary Investment Counselor of Pakistan to Germany while addressing the business community at Islamabad Chamber of Commerce and Industry.

To meet its rising energy needs, Pakistan is in dire need of foreign investment in energy sector. He said that he had convinced the German Company M/s. AZUR Solar to explore Pakistani market and come up with optimum solar energy solutions for Pakistani customers. He asked the businessmen to look for joint ventures with AZUR Solar to start production of solar energy in the country.

He expressed the hope that entry of Germany’s investors in Pakistan’s energy sector would send a positive signal to foreign investors and would improve the image of the country as well.

On this occasion, Uwe Stoermer of M/s. AZUR Solar of Germany gave a comprehensive presentation on his company’s products and services and said that their solar energy products provided 20 years service with 98 percent efficiency. He said the AZUR Solar had presence in UK, USA, Belgium, Spain, Italy, France and Greece and now they were eying Pakistan as a potential market.

In his welcome address, Karim Aziz Malik, Acting President, Islamabad Chamber of Commerce & Industry (ICCI) said that Pakistan was an energy deficient country, which was badly hampering growth of industry. staff report

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