Kuwait to finance renewable energy projects in Sindh | Pakistan Today

Kuwait to finance renewable energy projects in Sindh

KARACHI: Consul General of Kuwait Mohammad AlKhalidi in a meeting with Sindh Minister for Energy Imtiaz A Shaikh on Monday discussed the viability of investment in the renewable energy sector of the province.

Accompanied by Dr Ahmad Idrees, the CG communicated his country’s interest to finance solar and wind energy-related projects along with schemes of gas and power generation through bio-degradable waste.

He said Kuwait Investment Fund and Kuwait Board of Investment were equally keen to invest in such schemes and were interested to go forward with the Sindh government.

The Sindh Minister for Energy who had earlier given a detailed briefing to the foreign dignitaries said the proposal would be put before the provincial cabinet and following an approval a memorandum of understanding (MoU) could be signed in this regard.

Imtiaz A Shaikh said there exists tremendous potential for renewable energy generation in the resource-rich province and these can be materialized through regular and efficient financing.

NOTE: The earlier version of this story mentioned Dr Ahmed Idress as a Kuwaiti businessman. He is only a member of Pakistani part in ‘Kuwait Pakistan Economic Council’. The error is regretted. 



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