Pakistan, UAE sign MoU for alternative energy projects

ISLAMABAD: The United Arab Emirates (UAE) plans to develop alternative energy projects with Pakistan, as Prime Minister Shehbaz Sharif has urged them to “exploit Pakistan’s potential in the alternative energy sector”.

The two countries signed a memorandum of understanding (MoU) for development of renewable energy projects in Pakistan.

The MoU was signed by Power Division Secretary Rashid Mahmood Langrial and UAE’s Energy and Infrastructure Undersecretary Sharif al Olama. The ceremony was witnessed by the prime minister and UAE’s Industries and Technologies Minister Sultan Al Jaber, among others.

The prime minister said this was an opportunity for bilateral cooperation, and that his government was ready to give a detailed presentation to UAE firms on Pakistan’s potential on alternative energy, including the 10,000 MW solar energy generation project.

PM Shehbaz also thanked the UAE for inviting Pakistan to the COP28 to be held in Dubai by the end of this year.

In his remarks, UAE minister Al Jaber said that both countries enjoyed great relations, as the UAE emphasised the importance of cooperation and identifying new ways to strengthen ties.

He assured that being the host of the COP28, the UAE would ensure developing an action plan and create a deep understanding on climate change-related issues, as well as the Loss and Damage Fund.

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