Spain ready to develop renewable energy, road networks in Pakistan

[Edevelop]

ISLAMABAD: Spain is ready to help Pakistan in infrastructure development of renewable energy and communication networks said Spanish Ambassador Javier Carbajosa here on Wednesday said while addressing businessmen at Islamabad Chamber of Commerce and Industry (ICCI). “Spain is one of the main wind and renewable energy producer in Europe with advanced expertise in the construction of ports, roads, highways and airports and it is ready to help Pakistan in energy and infrastructure development,” Carbajosa said.


He said despite challenges, Pakistan’s geographical location and Pak-China economic corridor offered plenty of opportunities to investors while the government also introduced investment-friendly policies to facilitate investors.


He said he would try to motivate the Spanish companies to explore Pakistan for investment and joint ventures, especially in renewable energy and other areas of potential cooperation. He said that tourism was another attractive area where both the countries could cooperate with each other as Pakistan occupied many beautiful tourism destinations. In addition, he said Pakistan and Spain had good potential to cooperate in agriculture and telecommunication sectors as well.


Highlighting the role of businessmen for promoting bilateral trade, he stressed that both countries should enhance exchange of business delegations to explore new avenues of business partnerships and assured that Embassy of Spain would facilitate to achieve these goals.


Earlier, speaking on the occasion, ICCI Acting President, Muhammad Shakeel Munir said that both the countries had potential to enhance trade, so renewed effort were required to tap this potential.

‘Spain ready to develop renewable energy, road networks in Pakistan’

 

[zaid butt]

good things going on

 

[niaz]

Firstly let us define what “Renewable Energy” is.

Renewable energy is energy generated from resources that are naturally replenished such as sunlight, wind, rain, tides and geothermal heat. Hence renewable energy technologies range from solar power, wind power, hydroelectricity/micro hydro, biomass and biofuels for transportation.

It may come as a surprise to many but Ethiopia has emerged as a leader in the renewable energy field among the under developed nations. Ethiopia tops Africa’s countries for wind potential, and has recently opened a very large wind farm costing an approximate 290 million dollars.

Ethiopia opens Africa's biggest windfarm | Global development | The Guardian

Most recently, geothermal energy has become the focal point of Ethiopia’s natural energy expansion. With the American Icelandic power company Reykjavik Geothermal backing three-quarters of the 4 billion dollar investment, the total energy production of the country is set to increase by 50% from 2000 to 3000MW.

According to EEPCo, (Ethiopian Electric Power Co.) geothermal power requires drilling as deep as two miles into the earth’s crust, which is both expensive and technologically challenging due to lack of qualified Ethiopian geothermal technicians, which makes electricity from geothermal sources more costly than from hydro and wind power, though in Ethiopia is still less expensive than solar power.

A pilot geothermal plant was established in 1998 as a pilot project to test the geothermal resources in the area. Located in the Rift Valley Lakes Region, the Aluto Langano Geothermal Power Plant is the first geothermal power plant in Ethiopia and already producing 7 MW; a project was launched in 2013 to expand the capacity to 70 MW with the help of Word Bank & Japanese gov’t.

Ethiopia to get $4 billion investment for leap into geothermal power| Reuters

It is said that Ethiopia has the capacity to produce 45,000 MW of power, more than the total amount currently consumed in all of sub-Saharan Africa. With such a rich future, it is little wonder that investment in Ethiopia’s energy sector triggered growth throughout all of the sectors the country.

So confident in its new exploitation of natural resources, Ethiopia and Kenya have secured a 1.3 billion dollar investment for power lines to export electricity to Kenya.

Ethiopia Sees Output at Africa’s Biggest Power Plant by 2015 - Bloomberg

 

[Donatello]

Firstly let us define what “Renewable Energy” is.

Renewable energy is energy generated from resources are naturally replenished such as sunlight, wind, rain, tides and geothermal heat. Hence renewable energy technologies range from solar power, wind power, hydroelectricity/micro hydro, biomass and biofuels for transportation.

It may come as a surprise to many but Ethiopia has emerged as a leader in the renewable energy field among the under developed nations. Ethiopia tops Africa’s countries for wind potential, and has recently opened a very large wind farm costing an approximate 290 million dollars.

Ethiopia opens Africa's biggest windfarm | Global development | The Guardian

Most recently, geothermal energy has become the focal point of Ethiopia’s natural energy expansion. With the American Icelandic power company Reykjavik Geothermal backing three-quarters of the 4 billion dollar investment, the total energy production of the country is set to increase by 50% from 2000 to 3000MW.

According to EEPCo, (Ethiopian Electric Power Co.) geothermal power requires drilling as deep as two miles into the earth’s crust, which is both expensive and technologically challenging due to lack of qualified Ethiopian geothermal technicians, which makes electricity from geothermal sources more costly than from hydro and wind power, though in Ethiopia is still less expensive than solar power.

A pilot geothermal plant was established in 1998 as a pilot project to test the geothermal resources in the area. Located in the Rift Valley Lakes Region, the Aluto Langano Geothermal Power Plant is the first geothermal power plant in Ethiopia is already producing 7MW; a project was launched in 2013 to expand the capacity to 70W with the help of Word Bank & Japanese gov’t.

Ethiopia to get $4 billion investment for leap into geothermal power| Reuters

It is said that Ethiopia has the capacity to produce 45,000 MW of power, more than the total amount currently consumed in all of sub-Saharan Africa. With such a rich future, it is little wonder that investment in Ethiopia’s energy sector triggered growth throughout all of the sectors the country.

So confident in its new exploitation of natural resources, Ethiopia and Kenya have secured a 1.3 billion dollar investment for power lines to export electricity to Kenya.

Ethiopia Sees Output at Africa’s Biggest Power Plant by 2015 - Bloomberg

Sir one way or the other, Europeans have mastered the renewable segment. From wind turbines to Iceland's geo thermal. Pakistan should put the pedal to the medal, and increase our business with Europe. We are blessed with ample wind and solar year round. Why not ask them to come and invest as IPPs with special concessions for renewable power?

 

[xyxmt]

Ready set 1 2 3 go
someone should fire a shot to spain can start