Asian Development Bank has reiterated its full support for successful implementation of Pakistan’s National Energy Policy.
The commitment was expressed by the Country Director of the ADB Yong Ye during his meeting with Minister for Power Awais Ahmad Khan Leghari in Islamabad today.
Awais Ahmad Khan Leghari and Country Director Yong Ye discussed the diversification of Pakistan’s energy mix, with the latter assuring full support for this initiative.
The Minister shared plans to streamline the Power Division by forming a focused team for effective policy interventions.
Country Director Yong Ye pledged assistance in this endeavor with the help of experts from ABD in the hiring of the dedicated team.
Acknowledging the need for global expertise in reforming the sector, the Minister requested Country Director Yong Ye to identify reputable international firms capable of providing specialized knowledge and support for the said purpose.
He highlighted the challenges posed by hill torrents in some areas of Punjab
and emphasized the importance of investment from ADB to combat climate change.
Country Director Yong Ye committed to investing in these areas, emphasizing the significance of both mitigation and adaptation strategies.
Country Director Yong Ye recommended hiring a transaction advisor to propose long-term policy initiatives for the sustainable future of Distribution Companies.
Source: Radio Pakistan