Danish company keen to set up wind turbine factory.

Denmark-based Vestas, a leading manufacturer of wind turbines, has expressed profound interest in establishing a wind turbine factory in Pakistan and has also started the groundwork for exploring the feasibility of the project.

It was revealed in a meeting between a delegation of Vestas, led by Danish Ambassador Rolf Holmboe, and Federal Minister for Power and Petroleum Omar Ayub Khan. Special Assistant to Prime Minister on Petroleum Nadeem Babar and Power Division Secretary Irfan Ali were also present in the meeting.

The delegation was briefed about the targets set in the new renewable energy policy in order to boost the share of renewable resources from 4 percent to 30 percent and it also ensured transparency by introducing a competitive bidding regime.

The minister was told that the Danish company had decided to explore the possibility of establishing a manufacturing facility in Pakistan along with transfer of technology.

The minister outlined the broad parameters of the new renewable energy policy and said by 2030 the country would have around 20,000...

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