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Potential business for Turkey's HES in Pakistan

Saithan

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Turkish Minister of Energy, Taner Yildiz stated during Energy Cooperation Meeting that there is a great potential in Punjab, where 5 rivers meet, regarding hydroelectric power plants, and this potential should be evaluated with mutual cooperation he stated. Yildiz stated that international capital should be brought together with brave investors and it could be used to contribute to Pakistan's time of challenge, by supporting them with investments about energy.

In the speech that he gave at the Energy Cooperation Meeting and Bilateral Negotiations, held by the organization of Turkish Ministry of Energy and Natural Resources, Foreign Economic Relations Board of Turkey and Pakistan Punjab State Government, Yildiz stated that Pakistan was behind Turkey when it was having hard times, therefore, Turkey should pay it back.

Yildiz stated that Pakistan is always included in Turkey's policies, and added that it is not hard for Turkey right now to contribute to Pakistan by investing in energy. He also added that concrete and result-oriented policies will work as of now, now that negotiations with the authorities have been made.

The Minister also stated that there is a lot to do both in coal and mineral deposits, reminding that Turkish Ministry of Energy has representatives in Pakistan regarding the related institutions, such as Foreign Economic Relations Board of Turkey and Non-Governmental Organizations, and he said he hoped that they will reach to the end of the meeting and infer the required results and arguments about the subject. He added that high level cooperation meetings were held between Pakistani and Turkish authorities in Pakistan, and the main point inferred from these meetings is that concrete steps now need to be taken. There will also be one more meeting in Ankara this time, which will help explain the energy investments and renewable energy resources.

Energy potential in Punjab should be well-assessed

Taner Yildiz stated that Turkey has an active role in multilateral processes such as 'Friends of Democratic Pakistan', and that it will maintain this policy. Yildiz also reminded the countries in the world who have serious problems due to political inconsistencies, and he added that Turkey and all the region that it is positioned in will benefit from political stability in case that it is provided. The investments with Pakistan are also seen as friendship steps. There is a great potential of hydroelectric power plants in Punjab, which is fed by 5 rivers, and this potential should be made use of by Pakistan and Turkey with international investors and reasonable decisions.

Private sector will share its experiences

Pointing out to the fact that the previous year's savings are not enough to support the growth of the upcoming year in Pakistan as well as in Turkey, Yildiz stated that this makes international capital a must. He stated that the Presidents of both Turkey and Pakistan are very crucial at this point in terms of agreement, and that the private sector in Turkey will definitely share its experiences as well. Turkey should soon be realizing these investments in Punjab, which is having 4 thousand megawatts of energy deficit, and grows by the level of 6%.

source:Potential business for Turkey's HES in Pakistan
 

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