Industry Calls For Improving Investment Conditions For Chinese Renewable Energy Investors Energy Update Magazine
Focus on Attracting Chinese Investment
Industry experts called for improving investment conditions to draw Chinese renewable energy (RE) investors. The discussion took place at a webinar organised by Renewables First, under the theme “Accelerating Chinese Renewable Energy Investment in Pakistan,” focusing on redirecting Chinese investment from coal to clean energy.
Government Perspective and Renewable Energy Targets
Shah Jahan Mirza, CEO of the Alternative Energy Development Board, highlighted Pakistan’s potential for renewable energy and encouraged Chinese investors to contribute to the country’s RE growth. He noted Pakistan’s target of adding 14,000 MW of wind and solar over the next 10 years.
Industry Challenges and Recommendations
Xiaohui Ma of Goldwind explained that although the regulatory framework and incentives support RE investment, challenges such as project curtailment and import moratoriums have hampered wind power projects. Ma recommended simultaneous development of wind and solar PV to maximise benefits.
NA Zuberi emphasised the need for a streamlined project development process and removal of barriers through stakeholder engagement. Private sector investment in transmission and distribution was highlighted as a solution to bottlenecks in RE integration.
Inclusivity and Gender Diversity in Renewable Energy
Tara Dawood, Chairperson of the Ladies Fund, stressed the importance of inclusivity and gender diversity in the RE sector. She encouraged women’s participation and advised developers to ensure women’s voices are heard. She also urged policymakers to provide consistent regulations and expedite entry for RE projects.
Potential for Chinese Investment in Pakistan
Chairman NEPRA, Tauseef Farooqi, highlighted Pakistan’s potential to scale up RE in the power sector, underscoring the benefits for Chinese investors in supporting Pakistan’s energy transition. He noted that Chinese investment could aid in privatizing distribution, modernizing transmission, and adding cost-effective solar and wind power to the national grid.
Webinar and Stakeholder Engagement
The webinar brought together over 100 local and Chinese participants, including industry experts, stakeholders, and government representatives. Speakers shared insights and experiences to guide policymakers on creating a favourable regulatory environment for Chinese investment in Pakistan’s RE sector.
About Renewables First
Renewables First is a Pakistan-based think tank focused on energy and environment. It promotes an inclusive energy transition through multi-stakeholder collaboration. The organisation recently published the “On-Grid Renewable Energy Guidebook”, offering comprehensive guidance on regulatory frameworks, project development, and investment opportunities.
For further insights, visit Renewables First Insights.
Original article: The Pakistan Daily