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Karachi, Pakistan
Pakistan and the United Arab Emirates (UAE) on Thursday signed an agreement to develop renewable energy projects in the South Asian country.
The signing ceremony was witnessed in Islamabad by Prime Minister Sheikh Baz Sharif of Pakistan and Sultan Ahmad Jaber, UAE Special Envoy on Climate Change and President-designate of COP28 of the United Nations Climate Change Conference.
A statement was signed on behalf of both parties by Rashid Mahmood Rangriar, secretary of the Pakistan Electricity Department, and Sherif al-Olama, UAE deputy minister of energy and infrastructure.
UAE companies will invest in renewable energy projects in all four provinces of the country.
Pakistan is currently facing severe power shortages, with hours-long blackouts due to rising demand during the hot summer months.
Al-Jaber and the UAE Minister of Industry and Technology and a high-level delegation later called Sharif’s office.
Sharif appreciated the UAE’s efforts in tackling climate change and developing renewable energy projects, saying that Pakistan will fully support the UAE in hosting COP28.
He thanked the UAE for its vital support to Pakistan, which was crucial to last week’s $3 billion staff-level agreement with the IMF.
He also shared details of a 10,000 MW solar project that has been roadshowed in Dubai.
Jaber said the UAE will further improve cooperation with Pakistan in the field of renewable energy, which will help promote Islamabad’s energy security.
He said the UAE sees Pakistan as an important partner in climate change dialogue and appreciates Pakistan’s “active” role in climate change diplomacy.​​​​​​​​
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