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Pakistan Signed an Agreement with Germany on Energy Project

The energy sector has seen a considerable increase in cooperation between Pakistan and Germany, Federal Energetic Minister Hammad Azhar remarked.

Read: CDA to Finish Diplomatic Enclave Road Early

The Minister acknowledged the recently signed €8.1 million implementation agreement for the GIZ Pakistani Renewable Energy and Energy Efficiency II (REEE-II) project with German Ambassador Bernhard Schlangheck.

He has explained that the renewable energy component in the whole energy mix would rise from 6% by 2025 to 20% and from 30% by 2030.

Read: Rs23.6bn Approved for Rawalpindi Ring Road Project by ECNEC

A German envoy was informed by the Minister of the numerous ongoing projects started by the government in the energy industry.

He stated that a fresh problem in the energy industry was a physical increase of around 20 percent in consumer demand and over 15 percent in industrial electricity use.

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