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World Future Energy Summit (WFES 2015)

Exhibitors TV Network, World's Premier Online Video Channel for Tradeshow Industry is the Media Partner of World Future Energy Summit (WFES) which is the ...

Exclusive Interview of MoS/Chairman Board of Investment Pakistan for WFES 2015 by ExhibitorsTV

Date:Tue, 20 Jan 2015
The Board of Investment (BOI) is Pakistan’s premier investment promotion body, responsible for attracting, facilitating and promoting both local and foreign investment in Pakistan. Despite the downturn in the global economy, Pakistan has experienced the return of foreign investment, structural reforms implementation, improvement in the overall fiscal and monetary situation. Pakistan has attracted over 15 billion US dollars in Foreign Direct Investment since 2008. Sector Overview: Pakistan is facing a severe power deficit since demand for electricity grew by 6-8% per annum in the past years without a commensurate addition in generation capacity. Power deficit estimated to cost the economy 2% of GDP per annum. Current power deficit stands between 5,000-8,000 MW. Current energy mix for power generation is heavily dependent on thermal power generation (approximately 70% of generation mix) and the focus is to encourage investments in indigenous resources to generate cheap electricity such as coal, nuclear, hydropower, solar and wind energy generation. Total Installed Capacity – 22,797 MW IPP Share – 9802 MW (43%) Active Installed Capacity – 19,522 MW Annual Power Generation 2012 – 12,277 MW Investment Growth Potential: The current demand and supply gap of 5,000-8,000 MW and demand growing at 8% per annum ensures guaranteed uptake of power produced by IPP projects at market competitive prices. Liberal and transparent policy for investors to set up IPP projects. One window facilitation for power projects – PPIB at federal level. Guaranteed power purchase produced by IPPs, backed by sovereign guarantee of GoP provides a very secure investment climate for investors. GoP has set up power parks at various locations where the Government will develop the site with water, power-evacuation and access provided. The investors only have to set up power projects at these locations with the entire support infrastructure in place. Power Parks being set-up at Gaddani (6,600 MW coal potential) and Quaid-e-Azam Solar Park (6,000 MW solar potential). The hot sandy desert of Thar, houses one of the largest lignite coal reserves in the world. The lignite is dark brown, grayish black or black in colour.

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