resolved.”
He said the Sapphire Group’s investment in wind power was a great example of public-private partnership in Pakistan’s renewable energy sector. The 50-megawatt Sapphire wind power plant project at Jhimpir was made possible by collaboration between the Pakistan government, private sector investors, OPIC and USAID, and American and multinational companies.
Private corporations from three nations came together and worked swiftly to conceptualise, construct, and complete this renewable power project ahead of schedule, he added.
After 14 months, the power plant was completed, and it began commercial operations on November 23, providing critical electricity to millions of residents of Sindh province. This year, a US company played a critical role in establishing the infrastructure that enabled Pakistan to import liquid natural gas for the first time.
Another US company provided the crucial component for Pakistan’s liquid natural gas-fired power plant deals, a turbine. The focus of the conference was on the tools that are available to help the private sector further unlock Pakistan’s energy potential.
The ambassador said that Prime Minister Sharif’s government had taken many steps over the past two-and-a-half years to improve the investment climate in Pakistan. “Now is the moment to build on the progress that has been made by strengthening the regulatory environment and expanding the space available to the private sector in the energy sector,” he said.
Nothing speaks to the US companies louder than another US company that has had a positive business experience in Pakistan. A number of these success stories are already contributing to Pakistan’s energy sector — more can be cultivated through the US-Pakistan Clean Energy Partnership.
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