Delegation of German companies meets minister for power

ISLAMABAD: A delegation of leading German companies headed by Walter Linder called on Federal Minister for Power Omar Ayub Khan on Thursday in the federal capital.

Talking to the delegation, Omar Ayub khan said that a mechanism is being evolved to display the list of projects ready for investment at portal of Private Power Infrastructure Board (PPIB).

Interested companies can apply through the online system, he said and added that it would insure transparency and convenience for the investors.

According to a statement released from the ministry, Omar Ayub said the present government is endeavoring to overcome challenges of power through effective policy making and introducing advanced available technology.

In this regard, the establishment of intelligent grid system and installation of smart meters and ABC conductors are key initiatives which present government is determined to take soon, he added.

He emphasized that the projects of alternative energy are given great importance to meet energy needs through clean and sustainable resources.

German companies expressed their deep interest in various energy projects including projects of renewable energy and digitalization of distribution system, reads the statement.