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Germans to invest in energy sector in Punjab

Lahore: Representatives of German Power companies led by German Ambassador Dr. Cyrill Nunn called on Punjab Chief Minister, Muhammad Shahbaz Sharif at Model Town today. Matters of mutual interest, bilateral relations and energy projects in Punjab were discussed during the meeting. Special Assistant Zaeem Hussain Qadri, Advisor Begum Zakia Shahnawaz, Chairman P&D, Secretary Energy and Coordinator of PML-N in Germany Shahid Riaz Gondal were also present on the occasion.

Talking on this occasion, Shahbaz Sharif said that Pakistan is facing a big challenge of energy crisis. He said that due to shortage of energy, the pace of country’s economy is slow and industry, agriculture and other sectors have been affected badly by energy crisis. He said that Germany has expertise in solar energy sector and its technology is unparalleled. Shahbaz Sharif said that an agreement has been made for executing 400MW solar project in Cholistan with the cooperation of German company. He said that under this agreement, foreign investment of one billion dollars will be made. The Chief Minister said Punjab government has made various agreements with German companies for enhancing cooperation in energy sector. He said that economic cooperation between Pakistan and Germany should be further enhanced. He said that there is a need of rapidly working on energy projects for bringing the country out of darkness. Shahbaz Sharif said that Shahid Riaz Gondal is rendering excellent services for Pakistan in Germany and he is working in Germany as an unannounced ambassador and making strenuous efforts for strengthening relations between both the countries.

Ambassador of Germany Dr. Cyrill Nunn talking on the occasion said that Punjab is making rapid development under the dynamic and committed leadership of Shahbaz Sharif. He said that Shahbaz Sharif has taken a number of steps for the welfare of the people. Later, the Chief Minister hosted a dinner in honour of German Ambassador and members of the delegation. Representatives of German companies include, Eduard Wagner of Ires Solartec, Karsten Weltzien of E.G Power, Fritz Holzinger of Andritz Hydro, Helum Fugemann and Mark Gerrit Schuler of Energy Equal.

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