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Saturday June 15, 2024

Clean energy: US envoy inaugurates investment roadshow

The initiative aims to catalyse investment in commercially viable clean energy projects

By News Desk
May 23, 2024
US Ambassador to Pakistan Donald Blome speaking at the inauguration ceremony of second Investment Roadshow in Karachi on May 22, 2024. — Supplied
US Ambassador to Pakistan Donald Blome speaking at the inauguration ceremony of second Investment Roadshow in Karachi on May 22, 2024. — Supplied

KARACHI: United States Ambassador to Pakistan Donald Blome Wednesday inaugurated the second Investment Roadshow in Karachi focusing on boosting commercially viable clean energy projects.

The initiative, organised by the US Agency for International Development (USAID) funded Pakistan Private Sector Energy (PPSE) Project, aims to catalyse investment in commercially viable clean energy projects and help businesses access critical financing. During Wednesday’s event, 14 participating companies showcased their work at the roadshow, promoting private sector investment in sustainable and viable clean energy solutions. The participants also presented prototype models and pitched their innovative solutions to a diverse group of investors and financiers. Expressing his views on the occasion, Ambassador Blome said: “Expanding clean energy requires a supportive environment, which is why the United States continues to work with Pakistan on developing a stronger investment climate.” The envoy further underscored that investing in clean energy and low-carbon technologies is crucial for Pakistan to achieve its renewable energy goals.