Islamabad: Chinese Zonergy Corporation has presented a donation cheque for Pakistani Prime Minister Shehbaz Sharif’s Flood Relief Fund.
The Zonergy delegation led by its Chief Executive Richard J. Guo held a meeting with PM Shehbaz Sharif here. Minister for board of Investment Chaudhry Salik Hussain, Minister for Planning Ahsan Iqbal, Minister for Energy Engineer Khurram Dastagir, Minister for Law Azam Nazeer Tarrar, PM’s Special Assistants Dr Jehanzaib Khan, Zafaruddin Mahmood and Fahad Hussain were also present.
The delegation presented a donation cheque for the PM’s fund for the relief of the flood affectees and discussed other matters of mutual interest.
During the meeting, Prime Minister Shehbaz Sharif said that Pakistan’s future hinged upon the utilization of renewable energy as these alternative resources of energy could help generate inexpensive power.
The PM stressed that the production of low priced-power would also remove the burden of price hike upon the general public.
He said that a major chunk of Pakistan’s import bill was being spent upon the import of costly fuel for power generation, and underlined that it was imperative to move towards the utilization of inexpensive energy which would also help in saving of precious foreign reserves.
He informed that a pre-bidding conference on solar energy projects would be held in Islamabad on Wednesday (September 14).
The prime minister while appreciating Chinese support on the internal and external fronts, acknowledged that that China was Pakistan’s best friend.
He maintained that China Pakistan Economic Corridor (CPEC) was an extension of the Chinese flagship Belt and Road Initiative under which Chinese investment was made in the construction of infrastructure, industry and in different other sectors.
The 300MW Quaid-e-Azam solar power project in Bahawalpur was accomplished in a record period of time and the government was making efforts to promote investment in the renewable energy, especially in solar and wind energy, he added.