Renewable energy is the future of Pakistan: Suh Sangpyo

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By Shabbir Hussain

ISLAMABAD, Nov 18 (Diplomatic Star): Korean Ambassador to Pakistan Suh Sangpyo Friday said that the renewable energy is the future of the world and terming it most important factor for economic uplift, besides a step o build up climate resilient society.

He said that Pakistan and Korea have always enjoyed cordial ties, and Korea aims to further enhance these bilateral relations between the two countries to new heights through renewable energy projects.

He was addressing an interactive seminar to encourage energy infrastructure enhancement in Pakistan through the Economic Development Cooperation Fund (EDCF) organized by the Korean Embassy.

It was attended by senior-level representatives from the Ministry of Foreign Affairs, Economic Affairs Division, EXIM Bank of Korea, Korean Companies, Pakistani Business Community Members, and the UN.

During the seminar, the participants discussed ways to promote renewable energy, especially solar power in Pakistan in a collaborative and synergistic manner.

The representatives of Korean companies showcased their experiences of undertaking renewable energy projects in Korea, Pakistan, and around the world.

They also highlighted the interest of the Pakistani Government towards utilizing the Economic Development Cooperation Fund (EDCF), worth USD 1 billion for the years 2022 to 2026, which was signed in June 2022 between the Economic Affairs Division (EAD) of Pakistan and the Korean Embassy towards enhancing Pakistan’s renewable energy output and making the country more climate resilient.

The Country Director of KOICA and CEOs of Korean Companies also expressed their willingness to assist Pakistan in this process.