Islamabad:
A high -level delegation of the World Bank High Level led by the regional director of South Asia Pankaj Gupta held separate meetings on Thursday with the Federal Minister of Petroleum Ali Pervaiz Malik and the Minister of the Sardar Awais Ahmed Khan Leghari electricity division.
The two parties discussed strategic partnerships and technical support to advance the energy sector in the country.
Reunion has focused on accelerating sustainable energy development, improving infrastructure and reading the main challenges in the petroleum and gas sectors.
The Minister of Petroleum has reiterated the government’s commitment to modernize the energy landscape of Pakistan thanks to integrated energy planning, improved efficiency and clean energy initiatives. He stressed the importance of international collaboration and investment to achieve the long -term objectives of the country’s energy security and sustainability.
GUPTA reaffirmed continuous support from the World Bank to Pakistan energy reforms and expressed its optimism as to the expansion of cooperation. He recognized the progress made by the government and discussed potential technical assistance programs to further strengthen institutional capacity and infrastructure.
Awais Ahmed Khan Leghari
The discussion focused on current reforms in the Pakistan energy sector, privatization efforts and long -term collaboration opportunities, said a press release published the electricity division.
Welcome to the delegation, the Minister of the Power said that we are currently at a critical stage in the privatization of distribution companies. “Our goal is to meet the energy needs of future generations in a profitable and sustainable manner,” he said.
GUPTA stressed that energy remains one of the main priorities of the World Bank and noted the remarkable potential of Pakistan for renewable hydroelectricity, in particular by the Industry River system.
He added that the World Bank seeks to develop a full and long -term plan with the Pakistan energy sector, allowing an alignment to the Bank’s ten -year strategic framework for the country.
GUPTA highlighted the importance of using models such as the integrated production expansion plan (IGCEP) and Integrated Energy Planning (IEP) to predict the demand and availability of resources.
He said that the selection of good projects, locate them appropriately and maintaining affordability are essential elements. “We support the NTDC in the planning process and believe that the transmission system should remain in the public sector until it is fully prepared for privatization,” he said.
