Infraco asia commits to further infrastructure development and investments in Pakistan.

The InfraCo Asia team was in Islamabad last week to give updates to its Owner representatives, joint venture partners, and key stakeholders. Meetings were conducted with key Pakistan government officials, including Minister of State and Board of Investment Chairman Zubair Umar, Minister of Energy Omar Ayub Khan and Special Assistant to the Prime Minister on Energy.

The meetings covered future investment and development opportunities in the renewable energy and waste-to-energy sectors, ways that InfraCo Asia could partner with local companies and how private sector investment might be catalysed in Pakistan through these activities. InfraCo Asia has been developing and investing in Pakistan since 2013.

Projects in Pakistan

InfraCo Asia recently entered into a joint venture with Albario Engineering Pvt Ltd (AEPL) under project company PRISM, which seeks to develop distributed rooftop solar systems of up to 40MW in aggregate capacity in Pakistan. The project aims to improve the reliability of energy supply for the commercial and industrial sectors. InfraCo Asia is also developing a 150MW portfolio of run-of-river hydroelectric projects in the Swat Khyber Pakhtunkhwa (KPK) province through a joint venture with Markhor Energy. Feasibility studies are underway for the Swat KPK Hydro Power Platform project, including geo-technical investigations.

In 2017, InfraCo Asia divested its shareholding in the Metro and Gul Ahmed wind power projects to Daelim Energy. The two 50MW wind power projects generate an additional 155.5GWh of electricity per year, providing approximately 700,000 people in Pakistan with improved access to clean energy. The Metro and Gul Ahmed wind power projects were the first project-financed wind deals in Sindh province and are among the earliest wind-power developments in Pakistan's renewables sector.

Infraco Asia in action

On 13 February, InfraCo Asia CEO Allard Nooy presented on developing opportunities for the country's wind power sector at the Pakistan Energy Reform Summit at the Serena Hotel, alongside presenters from ACWA Power, the Asian Infrastructure Investment Bank (AIIB), the International Finance Cooperation (IFC), Standard Chartered Bank, and China Three Gorges South Asia...