ISLAMABAD: Vestas, the energy industry’s global partner on sustainable energy solutions, has expressed keen interest in establishing a wind turbine manufacturing unit in Pakistan.
A delegation of the Denmark-based company, led by Danish Ambassador in Pakistan Rolf Holmboe, held a meeting with Minister for Power and Petroleum Omar Ayub on Thursday to discuss the feasibility of setting up the proposed unit.
Vestas designs, manufactures and installs wind turbines and currently has operations in 81 countries.
The minister explained to the delegation various broad parameters of the new renewable energy policy and said that by 2030 the country will be having around 20,000MW from renewable resources.
He said that not only the local consumption of renewable energy related machinery like wind turbines etc will be a profitable investment for global companies but Pakistan can also serve as base for exporting the same to countries like Central Asia and African countries where there is a huge untapped potential of renewable resources.
The minister further informed the delegation that Pakistan has offered special incentives for establishment of renewable energy equipment manufacturing units. Special economic zones also provide a complete investor friendly packages which can also be explored by the company, he said.
Special Assistant to the Prime Minister on Petroleum Nadeem Babar and Secretary Power Division Irfan Ali also attended the meeting.
Published in Dawn, February 7th, 2020