Tuesday, 30 November 2010

Austria assures cooperation in power sector

Austria assures cooperation in power sector - Daily Times

ISLAMABAD: Austrian Minister for Economy, Dr Reinhold Mitterlehner on Monday assured to invest in the hydel power, alternate energy development projects and to provide technical assistance in the forthcoming hydropower generation projects in Pakistan.

He was talking to the Federal Minister for Water and Power, Raja Pervez Ashraf in a meeting held at Vienna (Austria). The meeting also discussed various matters of mutual interest to explore ways and means to further enhance the bilateral relations between the two countries.

The Austrian Minister said that Austrian companies are already working in Pakistan in energy sector and are keen to expand their business while the new ones are also interested in this sector. He said that Austria will also provide technical cooperation in the hydel power projects. Austria has vast expertise in the manufacturing of hydel machinery, and has already offered Pakistan to consider “mega hydel power projects”.

Earlier, the Federal Minister Ashraf briefed him on the current energy situation and the measures being taken to meet the future water and power requirements. He gave him details of the water and power sector projects being initiated by the present government.

He said that Pakistan has planned to change its energy mix and is now focusing on hydel, coal, wind and solar generation to provide cheaper and reliable power the consumers. He said that Pakistan will welcome the Austrian investment, technical cooperation and joint venture projects.

As Austria has expertise in the manufacturing of hydel power generation equipments, Pakistan will facilitate the investors and manufacturers of hydel power plant producers, particularly for Terbela-4th Extension hydel power project.

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